Why India's economy is growing quickly?

As China’s economic growth slows, people are looking for the next big driver of growth. And India seems to fit the bill. The IMF estimates that India will be the fastest-growing major economy in the world this year, which is why companies like Walmart are paying top dollar for business deals in India. It’s projected to expand by 7.4%, putting it ahead of China. So, what’s driving India’s growth? India has a population of 1.3 billion, making it the second-most populous country in the world. It’s on track to grow faster, even surpassing China’s population by 2024. And that big population is also really young. India is on track to reap a handsome demographic dividend. This effect happens when a country’s working-age population is larger than the non-working-age population. By 2050, India is expected to have a working population of more than one billion. While many Asian countries are aging, India’s population has a median age of only 27.3 years, compared to China’s 37.6 and Ja...