Indian Economy Population By Heena Malhotra
Learning Obiectives At the end of this unit, you will e able to: know the meaning of population. get familiar with demographic tends in India. understand how big population in Inciais ating as a drag on its economic growth. understand the cause of a planwth in India. know the stepstaken by the govemmento neet the challenge of high population growth.
In common parlance, population refers to the total number of people residing in a place. Thus, population of India means the total number of people living in India. There was a time when growth in population was considered desirable. There are still certain countries (example, Australia), which give incentives to people to have large families and hence have big population of the country. For them, more number of persons is desirable as It provides work force to produce. It provides market for the products produced It may promote innovative ideas It may promote division of labour and specialisation However, there are countries (example, India) for whom more number of persons is not desirable as There may not be adequate jobs to absorb all additional people. They put pressure on means of subsistence. They put pressure on social overheads (hospitals, schools, roads etc.) They may result in increased consumption and reduced savings and hence slow down capital formation. They may increase dependency. Actually, whether a big and growing population is an asset or a liability for the economy depends upon economy to economy. Meaning of Population