Musk Tweets 'demographics Is Destiny' As Indian Population Surpasses China

Elon Musk

Elon Musk (Photo: Bloomberg)

Listen to This Article

Tesla CEO Elon Musk on Saturday tweeted "Demographics is destiny" in a reply to a tweet with a list of countries ranked according to their population. India was ranked at top of that list. 

According to a recent United Nations report, India is set to overtake China to become the world’s most populous country by the middle of 2023.

India's population is projected to be at 1.42 billion or 1,428,600,000 against China's 1,425,700,000. So, India now has 2,900,000 more people than China.



This is the first time since 1950, that a country has replaced China. The UN started these estimates in 1950.

Musk who has been a vocal supporter of high birth rates to combat the challenge of the aging population had earlier tweeted about how low birth rates are a bigger risk to civilization than global warming. 

Over the past few weeks, there have been speculations about Musk eyeing the Indian market for Tesla. 

Recently, Musk followed Prime Minister Narendra Modi on Twitter. This triggered speculations across the microblogging site about whether Tesla is coming to India anytime soon. 

In May 2022, Musk said that Tesla was considering opening a factory in India. However, he clarified that it would only be possible if Tesla could sell and service cars in India.

Musk said in a tweet that Tesla would not build a factory in any location where it was not permitted to sell and maintain its vehicles.

Previously, Musk on several occasions sought tax breaks on the import of electric vehicles and first selling vehicles manufactured outside India. The Centre however has stuck with its stance that rules already allow bringing partially-built vehicles and assembling them locally at a lower tariff.



RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more