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India 'Economic power in 25 years'
By agencies
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Tuesday, 06 September 2005, 19:30 IST
COIMBATORE: Union Finance Minister P Chidambaram today said India could emerge as an economic power in 25 years as the country would have the demographic advantage with increase in the working age group in the next 15-20 years.
At present the country's working age group was 15-64 years and constituted 64 percent of the population, while children and senior citizens accounted for 36 percent, he said.
After 15-20 years, the working age group population would go up in the country, while most of the Western countries, including China, would have more senior citizens than the working age group, he said.
Predicting that India would have about 820 million working age group population by 2015, he said if they were given good education, good health, skilled and productive power, the country would become a leader in world economy.