8 Billion of Us on Planet Earth…

According to the United Nations, the world’s population surpassed 8 billion this past Tuesday.  While populations in sub-Saharan Africa are expected to continue growing substantially over the next 30 years, the annual global population growth rate is now at its slowest rate since 1950 – and moving into negative rates in many advanced economies.  

One of the more interesting trends in global demographics is not getting much attention: India will become the most populous country in 2023, overtaking China.  By 2050, it is estimated India's population will be 1.7 billion while China's population will shrink to 1.3 billion from its current 1.412 billion. In our view, the vaunted “China Century” is likely actually to be “the India Century.”