India has overtaken China as the world’s most populous country, according to UN data released on Wednesday. India’s population has surpassed 1.428 billion, slightly higher than China’s population of 1.425 billion, according to the UN’s global population dashboard.
Population growth will give Prime Minister Narendra Modi’s government urgency to create jobs for millions of people entering the labor market as the country moves away from agricultural jobs.
India, where half of the population is under 30, will become the fastest growing major economy in the world in the coming years.
The economy of India (which will host the G20 summit next September) is expected to reach $40 trillion in 2047.
India’s economy grew by 6.9 percent in the last fiscal year, making it one of the fastest growing major economies (according to the Organization for Economic Co-operation and Development).
Asia’s third-largest economy is now home to almost a fifth of humanity—more than the combined populations of Europe, Africa, or the Americas.
While this also applies to China right now, this is expected to change as India’s population is expected to continue to grow and reach 1.668 billion by 2050, when China’s population will shrink to around 1.317 billion.
On November 15, 2022, the world’s population reached 8 billion people, which is considered an important milestone in the history of human development.
While it took 12 years for the world population to grow from 7 billion to 8 billion people, it is expected to take approximately 15 years until 2037 to reach 9 billion people, indicating that the overall population growth rate the world is slowing down. .
However, the birth rate remains high, especially in some countries, mainly those with the lowest per capita income. As a result, global population growth is increasingly concentrated in poorer countries, mainly in sub-Saharan Africa.
