Macroeconomic Scenario of India

Abstract

According to recent estimates, the population of India in 2013 is 1.27 billion, making it the second most populous country in the world, while China is on the top with more than 1,360,044,605 (1.36 billion) people. The figures show that India represents almost 17.31% of the world’s population, which means one out of six people on this planet lives in India. Although the crown of the world’s most populous country has been on China’s head for decades, India is all set to take the numero uno position by 2030. With the population growth rate at 1.58%, India is predicted to have more than 1.53 billion people by the end of 2030.