Why India, Indonesia may never become rich

A labourer checks his phone while resting on a pile of stones in the old quarters of New Delhi on July 27, 2020. PHOTO: AFP
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The United Nations currently predicts that by 2027, India will overtake China as the world's most populous country. Estimates suggest India and Nigeria will together add 470 million people in the next three decades - almost a quarter of the world's population increase to 2050.

According to a new study from the University of Washington (UW), however, several developing nations may find their so-called demographic dividend much less of a boon than anticipated.

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A version of this article appeared in the print edition of The Straits Times on July 28, 2020, with the headline Why India, Indonesia may never become rich. Subscribe