Based on the history of all the developed countries, we can find that the human capital is a major component of growth. Effect of population growth rate on economic development is one of the most debatable topics among academicians and researchers in the field of development. There are a lot of theories which show that rise in population has negative effect on both economic growth and development of a country. The population rise can be a disaster if we don’t use them properly. Increasing population should be proportionate to resources available in the country so that resources may get exploited in its full capacity in effective and efficient manner.