Data from Worldometer, a reference website that provides counters and real-time statistics for diverse topics, shows that the current population of India is 1402.7 million as of March 8, 2022, closely following China with a population of 1448.6 million.
The Worldometer predicts that by 2030, the population of India will reach 1503.6 million, and of China will be 1464.3 million. Therefore, India can become the most populous country in the world. Significant changes are now taking place.
According to Worldometer, before surpassing China in 2030, there will be a crossover when India’s population in 2025 will reach close to China’s at 1445.0 million, while China’s population will be 1457.9 million. In addition, with the yearly percentage change can be 0.92%, India will make a difference compared to China’s 0.46%.
China’s birth rate of 1.69 is also lower than that of India’s 2.24. On this growth momentum, India will surpass China in 2030.
Notably, data from Worldometer shows a worrying fact: China’s population will start to grow negatively in 2035 with a yearly percentage change of -0.04%, and by 2050, China’s annual percentage change could fall to -0.38%.
Besides, population aging exacerbates the population problem of Mainland as the average age may increase from 38.4 in 2020 to 42.6 in 2030 and is even up to 47.6 in 2050.
The Chinese-language newspaper Timed News said China’s loss of its title of the world’s most populous nation symbolizes the official end of the demographic dividend.
The newspaper analyzes that housing prices depend on finance in the short term, land in the medium term, and population in a long time. If China’s population declines, will real estate come to an end?
Meanwhile, the ten ASEAN countries with a population of 600 million, the average age is less than 30 years, and a lower average salary than mainland China will be a new land for investors.
Taiwan’s investment is an example. A series of Taiwanese businesspeople flock to the new southbound countries.
Taiwan News on February 7 reported that Taiwan’s exports to the 18 countries targeted in its New Southern Policy, including India, totaled $82.58 billion last year, reaching a historic high.
This growth is also higher than Taiwan’s exports to China (25%).
If China’s population growth and the aging rate does not improve, India will compete with China’s manufacturing industry in the future.