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2016 Annual Assessment

In 2015, India’s population stood at 1.28 billion, with a very young median age (27 years). China’s was 1.4 billion (median age 36 years). In 20 years, India’s projected population will exceed that of China (1.5 billion against 1.45 billion). India’s GDP in 2014 was $1.9 trillion and is projected to grow faster than that of any Western country. In 2012, the Paris-based OECD projected the GDP of the main countries as proportion of global GDP by 2060.5 India is expected to move from 7 percent in 2011 to 18 percent in 2060, China from 17 to 28 percent, the United States will decrease slightly from 23 to 17 percent, and Europe will plummet from 17 to 9 percent. There is a speculative element in OECD forecasts, but for India they can be based among other things, on the country’s increasingly better-educated and ambitious youth.