Outsourcing to India is hot and getting hotter
I found this in Time online today. This is really fascinating.
But because of Beijing's long-standing one-child policy, China's working-age population will begin to decline in the next 10 years. Meanwhile, India's youthfulness?350 million of its citizens are under age 15?ensures its workforce will expand for decades, potentially enabling it to outstrip China's economic pace through sheer weight of numbers. "This is a key thing," said Kamal Nath, India's Minister for Commerce and Industry. "China is aging faster than any other country in history. It is growing old before it has grown rich." It's one surprising side effect of Beijing's brutal efficiency that may eventually work to India's competitive advantage.
But because of Beijing's long-standing one-child policy, China's working-age population will begin to decline in the next 10 years. Meanwhile, India's youthfulness?350 million of its citizens are under age 15?ensures its workforce will expand for decades, potentially enabling it to outstrip China's economic pace through sheer weight of numbers. "This is a key thing," said Kamal Nath, India's Minister for Commerce and Industry. "China is aging faster than any other country in history. It is growing old before it has grown rich." It's one surprising side effect of Beijing's brutal efficiency that may eventually work to India's competitive advantage.
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Thats a great fact. I knew that there is a huge aging population in Japan but never knew that about China. Definitely a good indicator to determine the growth of a country as an outsourcing destination.
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