how does growth in population influence economic development? discuss with reference to india
Answers
Population growth is a very sensitive factor for the growth or productivity of a country. Too much of it can be a burden for the state and too little can be stressful as the state will not have enough manpower in the market to keep the supply up with the demand.
Therefore, countries take serious measures to make sure that they have a population growth which is most suitable for their growth and sustainability. For example, China limited child births to only a single child for a specified percentage of its population in order to limit the population growth. Canada, Denmark and Iceland encourage their people to increase population growth because the need more manpower in their economy.
In the end, it all comes down to the investment the state does in the human capital development of its existing population. If the state is resourceful and can suitably invest in the upcoming population then the country will see a path of growth and increased development but if the country is unable to do that then the standard of living of people will decline as the state will not be equipped to educate, train and invest in its new population.
1. birth rare
2. death rate
3. migration