While India’s overall population is no longer skyrocketing, and in fact it’s quickly flattening, U.N. experts have projected that sometime this month it will finally exceed China’s gradually shrinking population. (They can’t say precisely when.) This demographic milestone, however, masks dramatically divergent trajectories inside India, with fertility rates varying sharply from state to state….What is the status of the American Economy Right Now?
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“Demographically, we have two Indias,” said Arvind Subramanian, the Indian government’s chief economic adviser between 2014 and 2018. “The India of the south already resembles East Asia. It’s actually in the early stages of aging. But the Hindi heartland is still very much booming.”…