What is the projected share of elderly population in India by 2050
'Share of elderly projected to double to 20% by 2050: India Ageing Report.'
- The share of the elderly population in India is projected to double to 20% by 2050, according to the 'India Ageing Report.'
- Currently, around 9% of India's population is aged 60 years or above, but this is expected to increase significantly in the coming decades.
- The population aging in India can be attributed to factors like increased life expectancy and declining fertility rates.
- The report suggests that this demographic shift will have significant implications for healthcare, social security, and the overall economy.
- With a larger elderly population, there will be an increased demand for healthcare services, including specialized geriatric care and treatments for age-related diseases.
- Social security systems will also need to be strengthened to cater to the growing number of retirees, ensuring financial stability for older adults.
- Additionally, the aging population will have implications for the labor market, as there may be shortages of workers in certain industries and a need for policies that promote active aging and re-employment for older individuals.
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