"Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies", Sengupta said. "So, that really is the window for India to get it right in terms of setting up manufacturing capacity, continuing to grow services, continuing the growth of infrastructure."
The report said that beyond its demographic advantages, capital investment is also expected to be a significant driver of India's growth. The report stated, "India’s savings rate is likely to increase with falling dependency ratios, rising incomes, and deeper financial sector development, which is likely to make the pool of capital available to drive further investment."
India is currently the fifth-largest economy in the world with a GDP of $3.73 trillion, according to the International Monetary Fund. That's behind No. 4 Germany at $4.3 trillion, No. 3 Japan at $4.4 trillion, No. 2 China at $19.37 and No. 1 America at $26.85 trillion.