It’s official. India 🇮🇳 is now the world’s largest country surpassing China 🇨🇳
A 🧵 below on what India’s explosive growth means for wealth, power and politics in Asia and around the world 🌏
(1/22)
Cc: @Noahpinion @ElbridgeColby @GerardAraud @davidfrum @erikbryn
A 🧵 below on what India’s explosive growth means for wealth, power and politics in Asia and around the world 🌏
(1/22)
Cc: @Noahpinion @ElbridgeColby @GerardAraud @davidfrum @erikbryn
India’s 🇮🇳 population is much younger than China’s 🇨🇳 with a large and growing labor force (2/22)
Unlike China 🇨🇳, India 🇮🇳 is still a majority rural country.
But that will change. Over the period to 2040, India will likely add 270 million people to its urban population (3/22)
bloomberg.com
But that will change. Over the period to 2040, India will likely add 270 million people to its urban population (3/22)
bloomberg.com
India 🇮🇳 also significantly lags China 🇨🇳 in terms of female labor force participation (4/22)
India’s 🇮🇳 population is far more digitally connected than it was just a few short years ago (5/22)
India’s 🇮🇳 digital revolution has been driven by smartphones 🤳 and rapidly falling data costs 📉
(6/22)
(6/22)
Incredibly, India’s 🇮🇳 online community is now over 750 million people large 🤳
(7/22)
(7/22)
India 🇮🇳 has also made massive investments in physical infrastructure in recent years 🛣️🌉
(8/22)
(8/22)
India 🇮🇳 has dramatically more roads and highways 🛣️ than it did just a few short years ago (9/22)
economist.com
economist.com
Despite a significant uptick in infrastructure investment, India 🇮🇳 still lags China 🇨🇳 in terms of its critical logistics infrastructure 🚚 ⛴️ 🛫
(10/22)
(10/22)
India 🇮🇳 also still has serious structural challenges in its quest to become a global manufacturing power 🏭
Cc: @alanbeattie @BrankoMilan (11/22)
ft.com
Cc: @alanbeattie @BrankoMilan (11/22)
ft.com
Despite its challenges, India’s 🇮🇳 manufacturing performance should improve significantly in the coming years.
➡️ Apple 🍏 now makes 7% of iPhones in India from 1% in 2021
➡️ quarter of all iPhones📱in India by 2025 is possible
➡️ first 2 🍏 stores in India just opened
➡️ Apple 🍏 now makes 7% of iPhones in India from 1% in 2021
➡️ quarter of all iPhones📱in India by 2025 is possible
➡️ first 2 🍏 stores in India just opened
Incredibly, the UN forecasts that India 🇮🇳 will be twice the size of China 🇨🇳 by 2100 (13/22)
India 🇮🇳 has also become the fastest growing major economy in the world 📈
(14/22)
(14/22)
India’s 🇮🇳 incredible economic growth has allowed it to dramatically reduce extreme poverty 📉
(15/22)
(15/22)
India’s 🇮🇳 incredible growth has made it a crucial pillar of the global economy 🌏
India is forecast to account for 12.9% of all global growth over the next 5 years, more than the U.S. 🇺🇸
(16/22)
India is forecast to account for 12.9% of all global growth over the next 5 years, more than the U.S. 🇺🇸
(16/22)
In 2022, India’s 🇮🇳 economy became larger than the UK’s 🇬🇧
(17/22)
(17/22)
By 2027, Morgan Stanley forecasts that India 🇮🇳 will be the world’s third largest economy “with its GDP more than doubling from the current $3.4tn to $8.5tn over the next 10 years.” (18/22)
ft.com
ft.com
By 2075, Goldman Sachs predicts that India 🇮🇳 will be the world’s second largest economy, ahead of the U.S. 🇺🇸
(19/22)
(19/22)
Perhaps the single greatest challenge facing India 🇮🇳 in the coming decades will be climate change.
Extreme heat is already a pressing issue, and rising sea levels may force the displacement of millions of Indians (20/22)
Extreme heat is already a pressing issue, and rising sea levels may force the displacement of millions of Indians (20/22)
To read more about India’s demographic trends, read this informative Bloomberg story, from which some of the data in this thread was sourced (21/22)
Cc: @vrishtibeniwal @shrutimahajan21 @EltafN @29_ruchibhatia
bloomberg.com
Cc: @vrishtibeniwal @shrutimahajan21 @EltafN @29_ruchibhatia
bloomberg.com
Finally, if you found this thread to be informative and useful, please consider following me.
I have a data-rich feed that posts on science, economics, innovation, demographics, climate and other related areas.
Consider giving it a try!
(22/22)
I have a data-rich feed that posts on science, economics, innovation, demographics, climate and other related areas.
Consider giving it a try!
(22/22)
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