India has probably already surpassed China in terms of population, and experts expect the growth to continue at least until 2050.
According to the independent World Population Review (WPR), India’s population was 1.417 billion at the end of 2022. Another analytical platform, Macrotrends, estimates India’s population at 1.428 billion.
China’s population declined last year for the first time in more than 60 years – by 850,000 to 1.412 billion people, according to data released Tuesday by China’s State Statistics Office.
India, where half the population is under the age of 30, is expected to be the fastest-growing economy in years to come. To take advantage of rising demographics, the country’s government needs to create millions of jobs, Bloomberg notes.
“What’s needed now is a massive economic support program that would create jobs in a variety of sectors,” said Nomura Holdings Inc. economist Sonal Varma. – And we’re already seeing the foundations for that being laid.”
WPR expects India’s population to continue to grow at least through 2050.
According to the UN, more than half of global population growth between 2022 and 2050 will come from just eight countries: India, Congo, Egypt, Ethiopia, Nigeria, Pakistan, the Philippines and Tanzania.
