In 2023, India will surpass China in terms of population.
India will overtake China as the world’s most populous nation by mid-2023, according to United Nations data released on Wednesday.
According to the UN report, India will have about 2.9 million more people than China by the middle of this year.
According to United Nations projections, India will have a population of around 1.4286 billion while China’s population will be 1.4257 billion.
Population data limitations make it impossible to calculate an exact date, demographers say, as India has not conducted a census since 2011.
Many believe that India’s young and booming population will fuel the country’s economic growth in the coming years.
254 million of India’s population consists of people between 15 and 24 years old, and with this statistic, India is the youngest country in the world. Meanwhile, China is struggling with aging and population stagnation.
The released data has fueled expectations that demographic changes could pave the way for India to become an economic and global heavyweight.
In other words, the young citizens of India can lead the economic growth of this country in the coming years, but the lack of employment of this population may be a problem. Therefore, economists have warned that even considering that the Indian economy will grow one of the fastest with the increase in population, but this increase in the unemployment rate will also increase.
