India has become the world’s most populous country according to UN population estimates, concluding a multi-century era of China holding the number-one spot. As its population surpasses 1.4 billion, one wonders whether India holds as much economic potential as other global superpowers.
While its gross domestic product (GDP) still lags well behind that of the U.S. or China, the number of Indians of working age (those between 15 and 64) has continued to grow while the American and Chinese workforces are in decline.