India’s economic growth prospects are becoming ever more promising. While China drives the dry bulk shipping market and global economy in earnest, as the years and decades progress, India is going to become a much more significant force and will become a larger driver of growth. As with China, India has a population that exceeds just over 1.3 billion people (an estimated 1.32 billion live in India vs 1.38 billion in China), however, in India the population is growing at a much faster rate compared with China – and in only a few years India will become the world’s most populous country. India’s economy also remains in an earlier stage of development compared to China’s economy, and India has a great many decades left of very fruitful urbanisation to come. In addition, what is quite contrary to China is that India is already a democratic nation.
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