As noted earlier, not only do global developments influence India, but the growing size of India has also implications for the global economy which would have also to take in to account the evolving demographic dynamics in countries such as India.
Over the next halfcentury, the population of the world will age faster than during the past half-century as fertility rates decline and life expectancy rises. In Europe, the demographic profile is already tilted towards the higher age group and by 2050, this is projected to accelerate.