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Toronto, July 29 (IANS) If it was India’s $35 computer that was splashed in Canadian news last week, now it is the country’s relentless growth story that’s making headlines here.
Writing under the headline “Meet the world’s next growth engine”, the National Post daily Wednesday said that while the rest of the world grapples with the consequences of declining birth rates and mass retirements from workforces, India is set to reap benefits of demographic bulge.
Though India’s planners have a tough job on their hands of creating infrastructure and jobs and providing education to keep the momentum of growth, the rest of the world needs to ready itself for an era of relentless Indian expansion, the newspaper said.
“The potential is huge and it will happen… these things will happen, and they will transform us,” the paper quoted Joseph Caron, former Canadian high commissioner in India, as saying.
While China is set to grey even before getting rich because of its one-child policy, India, on the other hand, has youth on its side, the paper said.
“By 2020, it will add an additional 110 million people to its working ranks, the single largest increase in the global labour force,” the paper said, quoting a Goldman Sachs report released Wednesday.
Though its demographic dividend is arriving 20 years after its peers in East Asia because of more gradual declines...
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