India Risks Missing Its Demographic Dividend

By 2030, one out of every five working-age people on Earth will be Indian.

That astonishing projection is one reason why so many economists (like those at Morgan Stanley and ING) see the nation as the next big global growth engine. At the most elemental level, there are only two ways to grow an economy—add workers or boost output per worker—and India has more scope to do both in the years ahead than anywhere else.