The correlation between Population Growth and Economic Growth
So Since there is a lot of debate on more babies vs. economic growth, let's understand it in detail. While decoding the economy of a country, there are two aspects: one is the consumption side, and the other is the supply side. 1. Consumption: In India, not everyone currently contributes to consumption; most of the country's consumption is driven by urban areas, and a significant portion of this consumption focuses on food and related items, which are often subsidized or sponsored. The theory that a declining population could harm the economy generally applies to countries where the majority of the population actively participates in consumption growth. In India, only around 30% of the population is involved in driving consumption, so a decrease in population would likely not have a significant impact on economic growth. Additionally, if simply having more people boosted consumption and thus economic growth, then Pakistan, with a higher fertility rate and faster population grow
