India ageing fast; Punjab, Himachal in lead
By Tribuneindia 05-Jul-2019
In the same bracket will be the southern states, West Bengal and Maharashtra, where fertility rates have already dropped below the replacement level.
The Economic Survey 2018-2019 records alarming demographic trends and notes that the share of India’s young (0 to 19 years) in the overall population has begun to decline and is projected to drop from 41 per cent in 2011 to 25 per cent in 2041.
On the other hand, the share of the elderly (60 years and above) in the population will rise rapidly from 8.6 per cent in 2011 to 16 per cent by 2041. These changes have major implications for policymakers, with the Survey suggesting raising the retirement age and merging schools as there would be less children.
Projections by the Indian Institute of Population Studies also say that India’s demographic dividend will peak around 2041 when the share of its working age population (20 to 59 years) will hit 59 per cent.
“As the demographic composition of states changes and fertility continues to decline, India’s age structure by 2041 will resemble that of China and Thailand in the current decade,” says the Survey.
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