- India surpasses China as the world’s most populous country, according to UN data.
- The Indian market is the fastest growing in the world, attracting international companies.
- India’s population will account for 19% of the global population by 2050.
India surpassed China as the most populous country on the planet, according to data published this Wednesday, April 19, by the United Nations Organization (UN).
In this way, the historical fact of crossing population curves for Asia’s largest neighbors and geopolitical rivals occurred.
According to the UN Population Dashboard, India’s population passed 1.428 million people, surpassing the 1.425 million in China, historically the nation with the most inhabitants on the planet.
The pass-through occurs even as India’s population growth rate is at 1 percent per year, very far from the maximum of 2.4 percent that it reached at the beginning of the 1980s.
What’s more, India also surpassed India in population despite the fact that in 31 of its 36 states that rate is now on the decline.
However, as fertility rates in the other five states continues to increase, the total population of India continues to advance.
According to the India representative of UNFPA, the world body that tracks population trends, India will see population growth in the next two to three decades, before it starts to decline.
Although India has not carried out a census since 2011 and postponed the one planned for 2021 (due to the pandemic), the UN updated the country’s population projections based on country-specific data on fertility, mortality and migration. In this way, it is estimated that it has already surpassed China in this aspect, publish the Financial Times.
India, retail and growth
The Indian market is the fastest growing in the world, it is effectively “the China” of the second decade of the 21st century.
Not for nothing, retailers and technology companies from different backgrounds are targeting there to generate more business. Suffice it to say that this Tuesday, Tim Cook himself arrived in Mumbai to inaugurate the first Apple Store in that country (this Thursday he will open the second, in New Delhi.
India has more than 1.4 billion people and more than 50 percent are under the age of 25, making it not only a hugely attractive market today, but even more so in the future.
For example, Ikea, which opened its largest store in the world in that country, Walmart –in association with Flipkart– and Amazon, are just some of the large international companies that are setting foot in India.
By 2050, India’s population will account for 19 percent of the global population.
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