5 min read.Updated: 19 Jan 2023, 11:10 AM ISTRahul Jacob
Simplistic claims about the 2020s being “India’s Decade” partly because of offshoring of production need to be treated with scepticism.
Tuesday’s headlines of a decline in China’s population for the first time in six decades stood like neon billboards above articles that predicted huge economic challenges ahead for the country. The government said that 9.6 million people were born in China last year while 10.4 million died. That the news coincided with Beijing confirming that GDP advanced by just 3% in 2022 seemed to underline such gloomy forecasts. Certainly, China’s inadequate health and social services spending will be under siege as its population ages; we already see a foreshadowing of this in its inexplicable inability during the pandemic to adequately vaccinate its above-60 population.