senheiser
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If people see the above statistics they think these are the current economic powers right now but in current reality this is wrong. Having much people doesnt say anything about the potential economic power right now but labor force does.
Labor force, total | Data | Table
You see if you look at labor force you realize that india and china are like totally different countries. India has barley more than half of people like China going to work. But both countries have over 1 billion people while in china over 60% go to work making a living, producing stuff for the country the Indians have to raise and feed more children which arent useful at the moment.
China has obviously demographics more similar to aging european and north east asian countries. So once you see indias worforce being something over 50% of the population right now its 39%, you will see they will be able to keep up faster with china but this will take very long because until india has such a big workfroce the younger people have to get older first which will take 1-2 decades.
Same way for for nigeria, pakistan and bangladesh these countries have higher population than russia yet current laborforce is clearly lower.
Indonesia on the other hand has more than 50% people going to work yet its barley richer than india which shows a poor performance on indonesias part as people which is funny because it should replace india in the brics according to some.
GDP per capita, PPP (current international $) | Data | Graph
So i dont get why people compare india and china both countries are totally different at the moment.