Wednesday, November 9, 2011

7 Billion Population - An opportunity or threat to the World ??

Just recently you all have noticed the media coverage of 7 Billion Baby . Every Country celebrated the event in their own way . Each Claiming 7 Billionth Baby was from their Country . state / district villeage etc . Is it a good news or an alaram for all of us . While the increase of last one Billion took 11 years the next one Billion will take 14 years from now and by 2025  we will have the 8 Billionth Baby . In the old days it took 127 years to increase the World population from 1 Billion to 2 Billion . The massive population growth has started from 1950 after the significant reduction in mortality rate . India & Africa will be contributing highest numbers of next 1 Billion population . Such a huge population growth will be putting lot of pressure on Energy , Infrastructure but this will enhance consumption giving huge opportunity to a number of sectors to scale up their operation . The key sector that will get tremendus advantage will be Communication & Health care sector . These two sector will have great time ahead. India share of World consumtion is only 3.3% although it is the second most populous Country in the World and by 2025 it is expected that India will overtake China . Looking into the low Consumption in India Economist are seeing a huge business scope in India . USA accounts for 28% of World consumption and China accounts for only 6% .

To conclude large population although is a concern for some is a big opportunity to the Business community

No comments:

Post a Comment