No its not. Population is it's biggest strength...if India educates it's young people, invests in clean energy and brings about meaningful social change instead of stirring up nationalistic fervour..this century will be the century on India.
Unfortunately the first is a big if. The people who are having 4, 5, 6 kids or more are not interested in getting them educated. This only perpetuates the cycle of illiteracy and poverty.