By 2027, India is anticipated to overtake China as the world's most populous nation, according to forecasts made by the UN. According to Yahoo News, India is forecast to surpass China in terms of total population by April and would have roughly 1.7 billion people by 2050, as opposed to China's anticipated 1.31 billion.
The effects of India overtaking China as the world's most populous nation will depend on a number of variables, including economic growth, resource availability, and governmental policy. However, the following are some possible consequences:
- Increased demand for resources: India may need to import more resources, such as food, water, and energy, to meet the demands of its people as a result of its growing population.
- Increased demand on infrastructure: India may need to upgrade its housing and transportation systems to handle a greater population.
- Labor market changes: The growing population may cause the labor market to alter as more people join the workforce and more jobs are created.
- Environmental impact: An increase in population may have a negative influence on the environment, especially in terms of deforestation and water and air pollution.
- Political and governmental system adjustments may be necessary due to shifting population demographics and distribution.
It is crucial to keep in mind that these are merely prospective effects, therefore it will be crucial to keep an eye on the situation and modify as necessary. However, the GDP impact of India's population expansion might have some of the following effects:
- A greater population may result in a rise in demand for products and services, which in turn may spur economic growth.
- Resource strains: The growing population may place a strain on resources like food and water, which could push up prices and inflation.
- A greater need for infrastructure investment: To accommodate the growing population, the government may need to make additional investments in housing and transportation facilities, which might boost GDP.
- Changes in the labor market: An increase in population may result in changes in the labor market, which, depending on their nature, may have both positive and negative effects on GDP.
- Changes in politics and governance: Depending on the nature of the changes, changes in politics and governance may result from changes in population distribution and demography.
