India is on track to overtake China as the world’s most populous country by the year 24-Apr-2023, according to UN population estimates. This shift in global demographics is the most significant since records began and has been driven by India’s increasing population and declining fertility rate in China.
India’s population is estimated to reach 1.45 billion by the end of 2023, while China’s population is expected to remain at 1.43 billion. India’s population growth rate is currently at 1.2%, while China’s population growth rate is 0.5%. India’s population is projected to reach 1.6 billion by 2030, while China’s population is expected to remain at 1.4 billion.
India’s population growth is largely driven by its young population, with over 50% of its population below the age of 25. India’s fertility rate has also been declining in recent years, with the average number of children per woman falling from 4.3 in the early 1990s to 2.3 in 2020. This is in stark contrast to China, where the fertility rate has been declining since the 1970s, and is now at 1.6 children per woman.
India’s economic growth has also been a major factor in its population growth. India’s economy has grown at an average rate of 7.3% since 2014, while China’s economy has grown at an average rate of 6.2%. This has resulted in an increase in job opportunities and wages, leading to an increase in the number of people migrating to India in search of better opportunities.
India’s population growth has also been aided by its government’s efforts to improve access to healthcare and education. India has made significant investments in healthcare and education, resulting in improved access to healthcare and education for its citizens. This has led to a decrease in infant mortality rates and an increase in literacy rates.
The shift in global demographics is likely to have a significant impact on the global economy. India is expected to become the world’s third-largest economy by 2024, overtaking Japan. India is also expected to become the world’s largest consumer market by 2025, surpassing the United States.
India’s population growth is likely to have a positive impact on its economy, as it will create a larger consumer base for businesses. This will result in increased demand for goods and services, which will in turn lead to increased economic growth.
The shift in global demographics is also likely to have an impact on global politics. India is expected to become a major player in the global political arena, as its population is expected to overtake China’s by the year 2023. This will give India more influence in global affairs, as it will have a larger voting power in international organizations such as the United Nations.
In conclusion, India is on track to overtake China as the world’s most populous country by the year 24-Apr-2023. This shift in global demographics is the most significant since records began and has been driven by India’s increasing population and declining fertility rate in China. India’s population growth is likely to have a positive impact on its economy, as it will create a larger consumer base for businesses. This will result in increased demand for goods and services, which will in turn lead to increased economic growth. India is also expected to become a major player in the global political arena, as its population is expected to overtake China’s by the year 2023.
