One out of every six people in the world is an Indian! In 2011, India’s population is estimated at 1.21 Bllion people, against the total world population which is 6.9 Billion. Moreover, India’s biggest asset is huge size of its young and working population class. The proportion of population in the working age-group 15-59 years is expected to rise from 57.7 percent in 2001 to 64.3 percent in 2026. This is going to positively impact India’s growth in the coming years. According to the National Population Commission, India will add 173 Million people in working-age population by the year 2026. In fact, by this time, India will have the largest working age population in the world. This will act as a vital point in making India a world leader in coming years.
Education strata and manpower resources
India can boast of remarkably strong manpower resources with one of the most developed higher education systems across the globe. India’s size of education system ranks third in the world, after US and China.
The literacy rate in India is 74 percent in 2011, with English being understood and used commonly as a medium of spoken and written communication.
India had 409 university level institutions in 2008-09. The total number of colleges is 25,990 and that of polytechnics was 1742.
Total number of annual enrolment for various postgraduate courses is as high as 18.6 Million in the nation.
[update]India has 1522 degree-granting engineering colleges with an annual student intake of 582,000.
The number of student enrolled each year to become doctors is as large as 273,366 in India.
The number of graduates from other courses like management, law, architecture, hotel, travel and tourism management are also growing fast.
India can boast of being rich in a variety of natural resources. Some of them are coal, iron ore, manganese ore, mica, bauxite, petroleum, titanium ore, chromite, natural gas, magnesite, limestone, arable land, dolomite, barytes, kaolin, gypsum, apatite, phosphorite, steatite and fluorite.