India to have more people than China by mid-2023 - UN
India is set to surpass China to become the world’s most populous country, gaining 2.9 million more people than its neighbour by the middle of this year, according to data from the UN.
India overtakes China
India is well on its way to becoming the world's most populous country, says the United Nations. Data from the United Nations showed India will overtake its Asian neighbour with almost three million more people by the middle of 2023.
Big business take note
So what does this mean for big business? Well, we've seen signs of shifting sands already. Pou Chen, maker of NIKE Inc (All Sessions) and Adidas shoes will invest nearly $281 in the country. Boeing Co (All Sessions), Nissan, Renault are just some other names that have bolstered their operations and investment in India too. This is no surprise given India has one of the biggest trade delegations in Davos, flying in eight chefs at one of their events that I attended. Apple Inc (All Sessions) supplier, Foxconn, is investing big in India too, creating 100,000 jobs in Telangana, South India, expanding its manufacturing base. Wistron is also assembling for Apple in India.
Future consumption
Perhaps the biggest sign of confidence in India's future consumption comes from Apple itself - the tech giant has just opened its first Apple store in India in April this year.
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