NEW DELHI, Jan 19: India may have already surpassed China as the world’s most-populous nation in a milestone that adds urgency for the country to create more jobs and ensure the country sustains its world-beating growth.
India’s population stood at 1.417 billion as of end 2022, according to estimates from the World Population Review, an independent organisation focused on census and demographics.
That’s a little over 5 million more than the 1.412 billion reported by China on Tuesday when authorities there announced the first decline since the 1960s.
India, where half the population is under the age of 30, is set to be the world’s fastest-growing major economy in the coming years.
To make the most of the demographic dividend, the government needs to create jobs for the millions of people entering the workforce every year as the nation moves away from farm jobs.
The United Nations had expected the milestone to be reached later this year. As of January 18, India’s population had already climbed to 1.423 billion, according to WPR.
Another estimate puts the latest number for India at 1.428 billion. The country didn’t publish its once-in-a-decade census data in 2021, after deferring population surveys due to pandemic disruptions.
Despite India’s rapid economic growth pre-Covid and its relatively strong recovery from the pandemic, about 800 million people still rely on free food rations from the government, the largest program of its kind in the world.
For now, India is self-sufficient in food production. It is the second-largest producer of rice, wheat and sugar. As a market, India, with its growing middle-class, is the biggest consumer of sugar, while being the top importer of edible oils. It is the second-largest consumer of gold and steel and the third-biggest buyer of crude oil. It is also home to the world’s third-largest domestic aviation market.
Although India’s population growth has slowed, WPR expects the number to continue to rise until at least 2050.
China, on the other hand, is currently seeing a slight contraction, which Economist Eric Zhu described as a “growth crushing headwind for a long time” in his January 18 note.
China’s population shrank by 850,000 in 2022 compared to a year ago, according to data released by the National Statistics Bureau.(Agencies)
