In present day, Canada and India have many differences. Canada has a population of approximately 35 million people (2013) with an unemployment rate of 6.90% (2016), an approximately 50% of male and 50% female population with an average growth rate of 1.20% per year. India has a population of 1.25 billion (2013), unemployment rate of 4.90% …show more content…
In 20 years, it is predicted that Canada will have a population of over 40 million individuals. As Canadians are living longer and since couples are having less children according to Statistics Canada, the median age of the population is predicted to increase to 44 years up from 40.6 years (in 2016). This will create a higher demand for jobs as there are more individuals looking for a job though there may not be enough jobs as Statistics Canada reports loses of jobs each year. Health care costs will increase as not only the population but the median population age is also increasing which has shown a correlation to the cost of health care increasing. According to Statistics Canada, the group of people aged 54-65 is larger than the group of individuals age 15-24 which means there will be a shortage of workers in the workforce, more individuals depending on benefits from taxes (health care, pension) and individuals working having to pay higher