The United Nations says it expects the world’s population to reach 8 billion on Nov. 15 this year and it projects that India will replace China as the world’s most populous nation next year. However, the report, released on World Population Day yesterday, said global population growth fell below 1% in 2020 and is growing at its slowest rate since 1950.

According to the latest UN projections, the world’s population could grow to around 8.5 billion in 2030, 9.7 billion in 2050, and a peak of around 10.4 billion people during the 2080s. It is projected to remain at that level until 2100.

U.N. Secretary-General Antonio Guterres called 2022 a “milestone year” with “the birth of the Earth’s eight billionth inhabitant.”

The report, World Population Prospects 2022, put the population at 7.942 billion and forecast it will reach 8 billion on Nov. 15.

“This is an occasion to celebrate our diversity, recognize our common humanity, and marvel at advancements in health that have extended lifespans and dramatically reduced maternal and child mortality rates,” Guterres said in a statement. “At the same time, it is a reminder of our shared responsibility to care for our planet and a moment to reflect on where we still fall short of our commitments to one another.”