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Does India risk getting old before it gets rich?
The country hopes that its young workforce will drive its march to a high-income status but it’s a race against time as the population ages and growth tapers
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There are already around 153 million Indians aged 60 and above among its estimated 1.4 billion population.
PHOTO: AFP
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Most think of India as a young country, and rightly so. It is a country where more than half of the population is below the age of 30 and this youthful workforce is helping grow the nation’s wealth. But what is not acknowledged fully is how this demographic dividend is dissipating as the country ages rapidly.
There are already around 153 million Indians aged 60 and above among its estimated 1.4 billion population. Their numbers are expected to more than double to 347 million by 2050, which exceeds the current combined population of Germany, France, Spain, Portugal, Poland and the United Kingdom.
