India's rise as a potential alternative to China within the emerging markets complex has recently caught the attention of many. This can be attributed to several factors that are driving India's remarkable economic growth story. Firstly, with a population of nearly 1.5 billion people according to United Nations estimates, India has become the most populous country in the world, surpassing China for the first time since 1950. Although poverty remains a concern, substantial progress has been made, with the percentage of people living in multidimensional poverty decreasing from 55% in 2005 to 16.4% in 2021. Another significant factor is India's workforce. Over the past two decades, India's population growth has outpaced China's, experiencing a remarkable 36% increase.