Bigger Is Better
Business World India|20 May 2023
AFTER MORE THAN 300 YEARS, India is once again the world’s most populous country. China is not pleased. Beijing’s foreign ministry spokesperson Wang Wenbin was quick to claim that China still had over 900 million people of working age. He tactfully didn’t mention that this number was declining rapidly.
MINHAZ MERCHANT
Bigger Is Better

How rapidly? According to a United Nations report published on 19 April 2023, the most startling revelation is that China’s total population will halve from the current 1.43 billion to just over 700 million in 2100. India’s population, in sharp contrast, will still be 1.40 billion in 2100, having peaked at 1.60 billion in 2050 before plateauing. Crucially, the average Chinese, already nearly 40 years old, will be over 55 in 2100. The average Indian today is 28 and will still be only 40 in 2100.

Population and Productivity

What will be the impact of this on workforce productivity? As Roshan Kishore, the data editor of Hindustan Times, pointed out on 21 April 2023, “The 2022 World Population Prospects (WPP) data — the basis of the United Nations (UN) report released on 19 April 2023 — shows that India is expected to have outgrown China in 2023 not just in terms of overall population but also working-age (15-59 year) population.

“India’s lead vis-a-vis China’s working-age population will become 1.5 times by 2048 and then reach two times by the year 2076. By 2100, till when WPP projections are available, India’s working-age population will be 2.3 times that of China’s. Ceteris paribus (all other things remaining the same), this should give a huge economic advantage to India vis-a-vis China.”

هذه القصة مأخوذة من طبعة 20 May 2023 من Business World India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة 20 May 2023 من Business World India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS WORLD INDIA مشاهدة الكل
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 mins  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 mins  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 mins  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 mins  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 mins  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 mins  |
October 19, 2024