India is slated to become the world’s youngest nation by 2020. The UN (UNFPA State of the World’s Population report) says 356 million (28%) of its population is in 15-24 age-group, largest in the world.
Census of India says around 48% India’s population is below 21.
65% of India’s population is below 35.
While writing this, India’s population is over 1.25 billion, world’s second most populous nation after China, and projected to take over China by 2050.
A report by the US (Special 301 Report for 2015) says India’s internet base is projected to be of 370 million users by this year end, the second largest in the world. The report says 213 users will be using mobile internet by this June.
India’s teledensity is around 100 crores (1000 million). Lowering of smartphone prices has quickened the spread of mobile internet in India, already large enough, especially among the youth and working-age population.
According to the Telecom Regulatory Authority of India (TRAI), the body to regulate telecom and internet business in India, the telecom subscriber base of India reached 97.92 crore this January from 97.097 crorein December 2014. That means a telecom density of 78.16%. According to the TRAI, the urban teledensity was at 148.54 and rural was at 46.69. And that tells us the marketers’ push is in rural India now. That is the latest data available.
The world’s second largest telecom network is India now.
And it is projected to be the world’s fastest growing economy, overtaking the growth rate of China.
According to the estimates, India is expected to grow at 7.5% in year ending in March 2015. That is more than China’s 6.8%. But we need to keep in mind that China grew at 9% for three decades before slowing down and India is nowhere near to that. Indian policymakers will have that in mind while taking the decisions related to the economic policies.
©/IPR: Santosh Chaubey – https://santoshchaubey.wordpress.com/