India is second most populous country in the world which has a population of 1.26 B as of Oct 2014 which is 17.5% of world population.
Here is the top five countries in terms of population -
1 China: 1.36B which is 19% of world population.
2 India: 1.26B which is 17.5% of world population.
3 United States: 318 M which is 4.4% of world population.
4 Indonesia: 252 M which is 3.5% of world population.
5 Brazil: 203M which is 2.8 % of world population.
Interesting Fact: Top 5 counties covers the 45% of world population but only 22% world land. Top two countries covers the 35% of world population but only 9% of land.