Workforce to consumption: India, China's economies explained in 6 charts

Chinese President Xi Jinping just concluded his informal visit to India, meeting Prime Minister Narendra Modi in Mamallapuram. Both leaders discussed various issues, ranging from economic cooperation in global stability and security. Interestingly, China is currently at an important juncture with changing demographics and economic landscape.

China's working-age population is receding, as the share of persons aged between 15 and 64 has started falling in recent years. The same is rising in India (Chart 1). Similarly, the absolute strength of the Chinese labour force dropped for the first time since the demographic bulge about three decades ago. India's labour force,