India, which aspires to grow like China in various spheres, is interestingly against replicating the Beijing model of population control as it feels that a sudden reduction could impact supply of labour.
"It is not a good idea to bring down the population suddenly as was done by China as it (such a move) has a bearing on supply of labour. But then the growing younger population is a double-edged sword," India's Planning Commission Deputy Chairman Montek Singh Ahluwalia said addressing a meeting organised by CII and Indian Consulate in New York.
He was alluding to the one-child norm implemented in 1979 by China, the world's most populated country.
India ranks a close second in terms of population.
Ahluwalia pointed out that the expectations of the younger population was very high especially in the information age when they were informed of developments around the world.
As such, it was
India's farm sector was not doing well and so it was necessary to shift 3.5 per cent of the population out of the sector to achieve a growth rate of four per cent, he said.
The deputy chairman said there was a need to enhance growth of services and manufacturing sector to absorb those taken off from agriculture sector.
The next plan, he said, envisaged an average growth rate of 9 per cent which would meant that per capita income would have risen by about 35 per cent over the five-year period.
"The pressure on the government now is to sustain the growth and build on the momentum that has been established," Ahluwalia said.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group