2023-05-14 23:40:05
India is overtaking China and becoming the new world power – but there is a big problem
The world’s most populous country has a young population. But can India get rich before it gets old?
Crowds on the shopping street in Chennai: India is now the most populous country on earth.
An electronic melody blares at the kiosk. “You have received 30 rupees,” it sounds in Hindi. This tells the man behind the counter that the payment for a bottle of drinking water and a cigarette for the equivalent of 33 centimes was successful. Scan once with your mobile phone, enter the amount and pay with a few clicks: It’s that easy today in the megacity of Mumbai and in other cities in India. More than 80 percent of adults here have bank accounts and online payments are becoming increasingly popular. Nonetheless, India faces major challenges on its way to the top.
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