Page 11 - The Indian EYE 052821

NATION MAY 28, 2021 | The Indian Eye 11

india’s growth trajectory

n the next years, India is expected
to surpass China in term of popula-
Ition and become the country with
the highest population of the world: It
is a power that can be used efficiently.
Technology is still an important key of
the India’s population: the future will
be focused on skills and creativity.
By 2025, it is said that the digital
economy will be around 20% of the
GDP total (Gross domestic Product).
With the fast and huge increase of the
GDP in the last years (1991 to 2019:
The GDP increased by 772%) we ex-
pect to see India surpassing USA in
2050. Linked with Technology, the mil-
itary growth and defense budget is now
Nevertheless, the future of India is out The estimation from WBD (World Bank in the process of placing India among
of the forecasts. The low participation of Data) is that 69% of the jobs are threatened the top of the world.
the woman in the market (23%, almost by new technologies, new software: they Another important factor of the
the lowest rate in the world) and the high can do “the human job and optimize the power of India is its culture and tour-
rate of unemployment are a challenge. The services”. ism: Bollywood is now the largest film
overpopulation is a real challenge, if not With the current issues of the borders: industry in the World. It is not well
well managed it can be double-edge blade wars and conflicts with Pakistan and China, known yet in USA/Europe, but it at-
and increase poverty, food unsecure, unem- many major problems will still need to be tracts a lot in Africa.
ployment. overcome.

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