Population & Economy

Population & Economy

In 2060, India will be the most populated nation in the world with 1.6537 billion people.

  China & India are world's most populated nations with bulk of people residing near major river basins.

  India’s population clocked 1.2521 billion in 2013, making it the second most populated nation after China.

  Forecasters predict that by year 2025, India’s population will equal China at 1.4295 billion and by year 2060; India will be the most populated nation in the world with 1.6537 billion people ( (FS Pardee Center for International Futures, 2014).

  The Indian state of Uttar Pradesh, home to more than 200 million people would rank 5th on the list of most-populated countries, if it were an independent country.

In 2013, Indian economy ranked second on the GDP growth rate table at 5.02 percent, after China’s 7.67 percent (The World Bank, 2015).

  In 2013, global GDP growth rate, a key World Bank indicator, is a percentage change of real GDP compared to previous year, where real GDP is adjusted for inflation, was 2.25 percent while GDP growth rate of South Asia among regional economies was highest at 5.04 percent (The World Bank, 2015)(see graph)


  The classification of expenditure incurred by Govt. of India has evolved into two components; Non-plan and Plan, and the bulk of plan expenditure is revenue driven.

  Non-plan expenditures are estimated first and composed of expenditure components, namely; interest debt payments, subsidies (food, fertilizers & petroleum), Defense, Pensions and other non-plan heads, while Plan expenditures are estimated after discussions with concerned ministries (Government of India).

 Analysis of Annexure 3, “Expenditure Budget Vol. 1, 2014-15”, reveals percentage composition of top 5 non-plan expenditure heads, below;

  • Interest Debt Payments – 36.03 %
  • Subsidies – 24.23 %
  • Defense – 19.31 %
  • Other Non-plan – 7.57 %
  • Pensions – 7.02 %
  • Grants to States & Union Territories – 5.84 % (Ministry of Finance, GoI, 2014)

 A break-up of the Subsidies in Annexure 3.1, details percentage composition of major subsidies, mentioned below;

  • Food – 45.74 %
  • Fertilizer - 29.03 %
  • Petroleum – 25.23 % (Ministry of Finance, GoI, 2014)

India’s subsidy driven approach towards food security and Farm sector is defined.

Works Cited  

    FS Pardee Center for International Futures. (2014, January 17). IFs Forecast - Version 7.00. Retrieved December 10, 2014, from Google Public Data: https://www.google.co.in/publicdata/explore?ds=n4ff2muj8bh2a_
  • Government of India. (n.d.). Open Government Data (OGD) Platform India. Retrieved May 15, 2015, from data.gov in: https://data.gov.in/keywords/non-plan-expenditure-1
  • Govt. of India. (2015, January). Agriculture Statistics at a Glance. Retrieved February 2015, from Directorate of Economics & Statistics, Department of Agriculture & Cooperation, Ministry of Agriculture: https://eands.dacnet.nic.in/latest_2006.htm
  • Ministry of Finance, GoI. (2014, July 10). Annexure 3, Expenditure Budget Vol. 1, 2014-15. Retrieved August 28, 1014, from indiabudget.nic.in: https://indiabudget.nic.in/ub2014-15/eb/trend.pdf
  • Planning Commission. (2014, April 04). High-Yielding Varieties Programs in India Part 1 - 1971. Retrieved October 10, 2014, from Summary of Evaluation Studies Conducted By Programme Evaluation Organisation: https://planningcommission.nic.in/reports/peoreport/cmpdmpeo/volume2/hyv.pdf
  • Swaminathan, M. S. (2012, January 3). Food as people's right. Retrieved February 2, 2013, from The Hindu: https://www.thehindu.com/todays-paper/tp-opinion/food-as-peoples-right/article2769860.ece
  • The World Bank. (2015, April 17). World Development Indicators. Retrieved May 07, 2015, from Google Public Data: https://goo.gl/wWGI4ds
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