India: positive demographics, but will they be harnessed?

Fathom Consulting // Insights // India: positive demographics, but will they be harnessed?

Since 1990, India’s share of world economic output (at PPP exchange rates) has more than doubled, reaching 7.8%. However, its economy remains reliant on a relatively unproductive agricultural sector. In the medium term, increased industrialisation will be required to move up the productivity frontier, as the services sector will struggle to create enough high-productivity employment for the country’s large and rising working-age population.