India May Have Surpassed China By 5 Million when comes to population
India may have already surpassed China in terms of population, which emphasises the necessity for the country to increase employment creation in order to prevent an economic downturn.
The World Population Review (WPR), an independent organisation that focuses on demographics, predicts that India’s population will increase to 1.417 billion in the year ending in 2022, exceeding China’s by more than five million people. According to official statistics released on Tuesday, China’s population, which stood at 1.412 billion, shrank for the first time in decades as its birthrate fell.
According to China’s National Bureau of Statistics, there were 1.41175 billion people living there as of the end of 2022 as opposed to 1.41260 billion a year earlier. The data showed China saw its first population decline since 1961, totaling 850,000.
Long-term UN specialists predict that China’s population would decrease by 109 million by 2050, which is more than quadruple the reduction they previously predicted for 2019. According to The Independent, this will result in a smaller labour force and higher healthcare and other social security costs.
The fact that both China and India now have populations of over 1.4 billion each will undoubtedly have a significant impact on the two fastest-growing economies on the planet. When asked about the new data during a news briefing on Tuesday, Chinese Embassy in India Counsellor Wang Xiaojian responded that both nations should reap the benefits of a “demographic dividend.”
The need for greater employment in the subcontinent is highlighted by the fact that India’s population of working age is above 900 million as of 2021 estimates from the Organization for Economic Cooperation and Development.
According to the BBC, China’s population has decreased for the first time in 60 years as a result of the national birth rate falling to 6.77 births per 1,000 women. The Chinese government has implemented a number of measures to halt the falling trend in the birth rate of the nation.