What India Needs To Do Urgently To Support Its Ageing Population
Representative Image Nushaiba Iqbal Noida, Uttar Pradesh : India’s workforce will be middle-aged: The median age will increase to 38 in 2050 from 30 in 2025, according to projections made by the longitudinal ageing study in india (LASI). This is part of the demographic transition process, in which the number of births and deaths fall. When the birth rate remains constant as death rates of both children and the elderly decline, the population experiences a bulge (and an economic boom). However, if the birth rate falls, the number of working age people reduces and the proportion of the elderly increases. The proportion of elderly is increasing in the less developed nations, with about eight in 10 of the world’s elderly people expected to be living in developing nations in 2050. This causes a change in the age-dependency ratio , which has consequences for the allocation of resources towards education, healthcare and social security for the populatio...