by Peter Schiff, Schiff Gold:

When a country starts to develop economically, a few things tend to happen: the death rate falls, workers become more productive, consumers consume more, and birth rates normally fall. During this period, countries experiencing such changes have a relatively small number of retirees and a small share of the population composed of children. This means that a large share of the population is economically productive, working either formally or informally. This phenomenon is known as the demographic dividend. In contrast to the rapidly aging populations of East Asia, North America, Europe, and parts of Latin America, India boasts a large and comparatively young population. In just over a decade, about a quarter of a billion Indians are expected to reach adulthood and join the workforce, a development economists expect to be beneficial for Indian economic growth.