Musk’s concern is that declining population and aging population can have very negative consequences. Lower working-age population means that economic growth can slow down, taxes can increase, and social welfare systems can come under more pressure. India and China, which are currently boosting the economy with young population, may have to face economic slowdown in the future if they do not address these issues.

Shift towards Africa

While India and China’s population is declining, regions like Africa are experiencing a population boom. Nigeria’s population is expected to reach 790 million by 2100, and it could overtake China to become the world’s second most populated country. This will change the global balance, and African countries will play a more important role in global economics and geopolitics.

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