Rethinking the demographic race: What is the future economic potential of India and China?

The demographic dynamics in India and China have major impacts on global economic development. Seeking to reassess the demographic race between the two countries with a focus on human capital and labor force quality instead of population size or age structure, researchers have looked at the productivity-weighted labor force (PWLF), which takes into account both the educational structure of the population and the quality of the educational system.