With 177 million, India is largest contributor to world population milestone of 8 billion: UN

News Network
November 15, 2022

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As the world population touched 8 billion on Tuesday, India was the largest contributor to the milestone, having added 177 million people, while China, whose contribution to the next billion in the global population is projected to be in the negative, the UN said.

India is expected to surpass China as the world’s most populous nation by next year.

The UN Population Fund (UNFPA), in a special graphic to mark the global population reaching eight billion, said Asia and Africa has driven much of this growth is expected to drive the next billion by 2037, while Europe's contribution will be negative due to declining population.

The world added a billion people in the last 12 years. UNFPA said that as the world adds the next billion to its tally of inhabitants, China’s contribution will be negative.

"India, the largest contributor to the 8 billion (177 million) will surpass China, which was the second largest contributor (73 million) and whose contribution to the next billion will be negative, as the world's most populous nation by 2023,” UNFPA said.

The UN said that it took about 12 years for the world population to grow from 7 to 8 billion, but the next billion is expected to take about 14.5 years (2037), reflecting the slowdown in global growth.

World population is projected to reach a peak of around 10.4 billion people during the 2080s and is expected to remain at that level until 2100.

For the increase from 7 to 8 billion, around 70 per cent of the added population was in low-income and lower-middle-income countries.

For the increase from 8 to 9 billion, these two groups of countries are expected to account for more than 90 per cent of global growth, the UN said.

Between now and 2050, the global increase in the population under the age 65 will occur entirely in low income and lower-middle-income countries, since population growth in high-income and upper-middle income countries will occur only among those aged 65 or more, it said.

The World Population Prospects 2022, released in July this year said that India’s population stands at 1.412 billion in 2022, compared with China’s 1.426 billion.

India is projected to have a population of 1.668 billion in 2050, ahead of China’s 1.317 billion people by the middle of the century.

According to UNFPA estimates, 68 per cent of India’s population is between 15-64 years old in 2022, while people aged 65 and older were seven per cent of the population.

The report had said that the global population is growing at its slowest rate since 1950, having fallen under 1 per cent in 2020.

The world’s population could grow to around 8.5 billion in 2030 and 9.7 billion in 2050.

China is expected to experience an absolute decline in its population as early as 2023, the report had said.

At the launch of the report in July, Under-Secretary-General for Economic and Social Affairs Liu Zhenmin had said that countries where population growth has slowed must prepare for an increasing proportion of older persons and, in more extreme cases, a decreasing population size.

“China provides a clear example. With the rapid ageing of its population due to the combined effects of very low fertility and increasing life expectancy, growth of China’s total population is slowing down, a trend that is likely to continue in the coming decades," Liu said.

The WHO pointed out that China has one of the fastest growing ageing populations in the world.

“The population of people over 60 years in China is projected to reach 28 per cent by 2040, due to longer life expectancy and declining fertility rates," the WHO said.

In China, by 2019, there were 254 million older people aged 60 and over, and 176 million older people aged 65 and over.

In 2022, the two most populous regions were both in Asia: Eastern and South-Eastern Asia with 2.3 billion people (29 per cent of the global population) and Central and Southern Asia with 2.1 billion (26 per cent).

China and India, with more than 1.4 billion each, accounted for most of the population in these two regions.

More than half of the projected increase in the global population up to 2050 will be concentrated in eight countries: the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and the United Republic of Tanzania.

Countries of sub-Saharan Africa are expected to contribute more than half of the increase anticipated through 2050, the report added. 

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News Network
March 21,2024

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New Delhi: India has now become more unequal in terms of wealth concentration than the British colonial period as income and wealth of the top 1% of the country’s population have hit historical highs, according to a paper released by World Inequality Lab.

By 2022-23, the top 1 per cent income share in India was 22.6 per cent and the top 1 per cent wealth share rose to 40.1 per cent, with India’s top 1 per cent income share among the very highest in the world, higher than even South Africa, Brazil and the US.

Co-authored by economists Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi, the paper stated that the “Billionaire Raj” headed by “India’s modern bourgeoisie” is now more unequal than the British Raj headed by the colonialist forces. 

The paper said there is evidence to suggest the Indian tax system might be “regressive when viewed from the lens of net wealth”. A restructuring of the tax code is needed, the paper said, adding that a levy of a “super tax” of 2 per cent on the net wealth of 167 wealthiest families would yield 0.5 per cent of national income in revenues and create space for investments.

“A restructuring of the tax code to account for both income and wealth, and broad-based public investments in health, education and nutrition are needed to enable the average Indian, and not just the elites, to meaningfully benefit from the ongoing wave of globalisation. Besides serving as a tool to fight inequality, a “super tax” of 2% on the net wealth of the 167 wealthiest families in 2022-23 would yield 0.5% of national income in revenues and create valuable fiscal space to facilitate such investments,” the paper said. 

The paper has analysed data based on the annual tax tabulations published by the Indian income tax authorities to extract the distribution of top income earners between 1922-2020.

The share of national income going to the top 10 per cent fell from 37 per cent in 1951 to 30 per cent by 1982 after which it began steadily rising. From the early 1990s onwards, the top 10 per cent share increased substantially over the next three decades, nearly touching 60 per cent in the most recent years, the paper said. This compares with the bottom 50 per cent getting only 15 per cent of India’s national income in 2022-23.

 The top 1 per cent earn on average Rs 5.3 million, 23 times the average Indian (Rs 0.23 million). Average incomes for the bottom 50 per cent and the middle 40 per cent stood at Rs 71,000 (0.3 times national average) and Rs 1,65,000 (0.7 times national average), respectively.
The richest, nearly 10,000 individuals (of 92 million Indian adults) earn on average Rs 480 million (2,069 times the average Indian). “To get a sense of just how skewed the distribution is, one would have to be at nearly the 90th percentile to earn the average income in India,” the paper said.

In 2022, just the top 0.1 per cent in India earned nearly 10 per cent of the national income, while the top 0.01 per cent earned 4.3 per cent share of the national income and top 0.001 per cent earned 2.1 per cent of the national income.

Enlisting the probable reasons for sharp rise in top 1 per cent income shares, the paper said public and private sector wage growth could have played a part till the late 1990s, adding that there are good reasons to believe capital incomes likely played a role in subsequent years. For the shares of the bottom 50 per cent and middle 40 per cent remaining depressed, the paper said, the primary reason has been the lack of quality broad-based education, focused on the masses and not just the elites.

“One reason to be concerned with such high levels of inequality is that extreme concentration of incomes and wealth is likely to facilitate disproportionate influence on society and government. This is even more so in contexts with weak democratic institutions. After largely being a role model among post-colonial nations in this regard, the integrity of various key institutions in India appears to have been compromised in recent years. This makes the possibility of India’s slide towards plutocracy even more real. If only for this reason, income and wealth inequality in India must be closely tracked and challenged,” it said.

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News Network
March 22,2024

The Enforcement Directorate on Friday produced Delhi Chief Minister Arvind Kejriwal before the Rouse Avenue court and sought a 10-day custody in the excise policy-linked money laundering case. "Kejriwal was the kingpin of the scam," the ED reportedly told the court after the AAP chief was produced before Special Judge Kaveri Baweja around 2 pm amid tight security. 

ASG S V Raju was appearing for the agency, while Senior Advocate Abhishek Manu Singhvi is representing Kejriwal. 

Raju in his argument said Kejriwal was "directly involved in formulation of the (liquor) policy... he was involved in handling of proceeds of crime as well in the Goa election campaign."

"The expert committee was constituted but it was a sham committee. The policy was made in such a manner that it would enable the taking of bribes and recoupment of people who gave the bribes," the ED counsel said. 

Kejriwal was produced in the trial court shortly after he withdrew from the Supreme Court his plea against arrest by the Enforcement Directorate in the excise policy-linked money laundering case. Kejriwal's counsel said he would contest the remand proceedings before the trial court and then come back to the apex court with another petition.

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News Network
March 17,2024

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New Delhi: The Election Commission on Sunday made public fresh data on electoral bonds, which it had submitted in sealed covers to the Supreme Court and was later asked to put it in public domain.

These details are believed to be pertaining to the period before April 12, 2019. Electoral bond details after this date was made public by the poll panel last week.

The BJP encashed electoral bonds totalling Rs 6,986.5 crore; maximum Rs 2,555 crore received in 2019-20, as per the EC data.

The Trinamool Congress received Rs 1,397 crore through electoral bonds, second largest recipient after BJP, as per the EC data.

On the other hand, the Congress redeemed a total of Rs 1,334.35 crore through electoral bonds.

DMK received Rs 656.5 crore through electoral bonds, including Rs 509 crore from lottery king Santiago Martin's Future Gaming.

BJD encashed electoral bonds worth Rs 944.5 crore, YSR Congress Rs 442.8 crore, TDP Rs 181.35 crore.

Political parties had filed data on electoral bonds in sealed cover as directed by the Supreme Court's interim order dated April 12, 2019, the poll panel said in a statement.

"Data so received from political parties was deposited in the Supreme Court without opening sealed covers. In pursuance of the Supreme Court's order dated March 15, 2024, the Registry of the Supreme Court has returned physical copies along with a digitized record of the same in a pen drive in sealed cover. The Election Commission of India has today uploaded the data received in the digitized form from the registry of the Supreme Court on electoral bonds on its website," EC said.

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