Congrats India. I guess?
Arguably China has done a much better job with her population growth than India. But maybe India is where China was in the 80's and will boom.
India is now the most populous nation. But this metric is more important - MarketWatch
Quote:
India became the world’s most populous country on Friday, ending China’s long reign as the global No. 1, according to an analysis of United Nations population projections.
The analysis shows that India’s population reached 1,425,782,975 on Friday.
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The article had an interesting metric called the Dependency Ratio. Haven't seen it before. India will be doing good. US, China, Japan are/will be sucking.
Quote:
India has overwhelming economic potential, not only due to its enormous population but also because of its demographic makeup. This competitive advantage can be seen in India’s dependency ratio.
The dependency ratio is a metric that compares a nation’s youth and its elderly, who do not work, to its working population. The lower the ratio, the fewer nonworkers a country needs to support. So for example, a nation with 50 dependents for every 100 workers will have a lower dependency ratio than a nation with 90 dependents for every 100 workers.
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