The Impact of Population Growth on the Indian Economy: A Comprehensive Analysis

Abstract

This paper explores the multifaceted impact of population growth on the Indian economy, focusing on its implications for GDP and unemployment dynamics. Through robust regression analysis, the study aims to achieve two primary objectives: first, to analyze and compare trends in population growth with economic indicators, and second, to assess the intricate correlation between demographic shifts and economic performance. The findings reveal that while population growth does not exert a direct and significant influence on GDP, it demonstrates a complex correlation with unemployment rates. These insights underscore the diverse interplay of factors shaping India's economic landscape, including sectoral dynamics, productivity improvements, and regional variations.

The study underscores the importance of targeted policy interventions to effectively harness demographic dividends for sustainable economic development. Addressing challenges such as skill mismatches, enhancing educational attainment, and promoting inclusive growth strategies are crucial to maximizing the potential benefits of population growth. By adopting a comprehensive approach that integrates demographic realities with strategic economic planning, policymakers can leverage India's demographic dividend to foster resilient and inclusive economic growth.