- "India will likely provide the largest increase to the global labour force over the next decade—we estimate an additional 110 million by 2020."
- "Key demographic trends driving the labour force are urbanization, more women in the work-force, and a large increase in the 30-49 age group."
- "Demographics alone may contribute about 4 percentage points of annual GDP growth over the next decade."
- "Demographics will affect consumer spending patterns. Spending on services such as health and education may increase five-fold by 2020."
- "The age structure of the population is favourable for flows into equities and bonds, and less favourable for bank deposits."
- "India’s manufacturing sector has the potential to create the necessary jobs due to recent policy changes, low unit labour costs, infrastructure build-out, prospective lowering of effective tax rates, and rising productivity trends."
- "For potential to meet reality, however, India would need to reform its archaic labour laws and invest heavily in education and skills training."
GoldmanSachs Global Economics Paper 20100728
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