For the past 73 years, China has had the world’s largest population. Those days are over — there’s a new leader, and to put into perspective how populous this country is, they now have over one billion more people living within their borders than the United States.
Of course, I’m talking about India. According to projections from the World Population Review (WPR), India has surpassed China. 141.7 billion people live in India, which eclipses China’s number of 141.2 billion.
The demographics of India are fascinating. 50% of the population is under the age of 30, so it’s expected that India will have the world’s fastest-growing major economy because of that. The Stank Bank of India predicts that it will happen in 2029.
While massive in size and potential, India has a ways to go regarding economic stability. Here’s one reason why — roughly 90% of the jobs in India are “informal,” which means most of the population does not have a regular salary.
It is a massive undertaking for a country of that size to feed itself, and India is currently self-sufficient in food production. It ranks second in the world regarding wheat, rice, and sugar production. When it comes to the purchase of crude oil, India is the third-largest, and it ranks second in the consumption of steel and gold.
The population of the world is expanding unevenly. In the next 30 years, over half of the growth will happen in just eight countries – the Democratic Republic of the Congo, Egypt, India, Nigeria, Ethiopia, Pakistan, Tanzania, and the Philippines.
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