India will be the world’s most populous country by the end of this month, eclipsing an aging China, the United Nations said Monday. The milestone raises questions about whether India can repeat the economic success that has made China central to the world’s economy and a leading global power.
The news comes at a moment when India is promoting itself as a rising international player as the host of this year’s G-20 Summit. It’s also becoming a more attractive destination for multinational companies seeking to reduce their reliance on China.
India and China are neighbors and have a complicated relationship, including robust trade ties and a long-running border dispute. The United States and its allies increasingly see India, the world’s largest democracy, as a counterweight to China. Young workers who flooded into China’s cities to take factory jobs starting in the 1990s were an essential ingredient in the boom that saw China become the world’s second-largest economy.
Historic reforms in the 1990s spurred spectacular growth and India’s $3 trillion economy is the fifth largest in the world today as its high-skilled sectors have soared.
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