Even as the proverbial battle of supremacy between emerging economic giants China and India continues to polarize views, it seems the South Asian nation may have an edge when it comes to demography.
According to economist John Maudlin, China will be losing in the next 30 years 85 million workers, or the equivalent of the working population of Britain and all of Germany, and India is going to add the same number.
This gives India a better long-term future than China, he argues, as the “massive demographic change” will see the latter lose a significant portion of its productive population.
“That is a massive demographic change. That means they (Indians) are going to become more productive,” Maudlin, President of advisory and asset management Millennium Wave Investments, told CNBC Asia’s “Squawk Box” on Thursday.
“I’m more bullish long term; short-term – who knows what will happen – ask your local politicians. But long-term …if somebody held a gun and say you got to put money somewhere in Asia and come back in 30 years, I’d put it in India.”Page 1 of 4 | Next Page