Context
In a report published by the Economist Intelligence Unit (EIU), India seems to have inched ahead in terms of ease of doing business.
Key-highlights of the Report
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What led to the improvement?
India’s Demography EIU forecasts India's working-age population to expand by almost 100 million in the period to 2030, pushing it comfortably past 1 billion, while that of China will fall by 40 million to under 950 million. India’s median age of 28.4 years compares favourably with that of 38.4 years in China. The rise in population creates an additional incentive for the government to develop the manufacturing sector to absorb additional workers. |
Challenges
Why is China losing?
Verifying, please be patient.