India may have already overtaken to become the world’s most populous country.
According to projections from the World Population Review (WPR), India’s population was 141.7 crore as of the end of 2022, little more than 50 lakh more than the 141.2 crore declared by China on January 17.
China recorded the first fall in numbers since the 1960s according to official announcements.
How India is affected
India, a country where 50 percent of the population is under 30, is anticipated to have the world’s fastest-growing major economy.
This milestone was supposed to be reached later this year, according to the UN.
According to WPR, India’s population increased to 142.3 crore people as of January 18.
Though India’s population growth has slowed, it will still climb until at least 2050.
Most recent figure for India is 142.8 crore.
The largest programme of its kind in the world, free food rations are still used by around 80 crore people in India, despite the country’s relatively good recovery from the pandemic.
Where we stand
India is regarded as Asia’s third-largest economy.
It is currently self-sufficient in food production, coming in second in terms of rice, wheat, and sugar production.
It is also the largest consumer of sugar and at the same time the leading importer of edible oils.
The country is the third-largest market for the purchase of crude oil, the second-largest consumer of steel and gold.
Furthermore, it is the third-largest domestic aviation market in the world.
Where China stands
The minor recession that China is currently experiencing has been described by Bloomberg Economist Eric Zhu as a “growth crushing headwind for a long time”.
As per information made public by the National Statistics Bureau, China’s population decreased by 8.5 lakh in 2022 compared to the previous year.
