Why is the share of elderly projected to double by 2050
The share of elderly is projected to double to 20% by 2050, according to the India Ageing Report.
There are several factors contributing to the projected doubling of the share of elderly to 20% by 2050 as per the India Ageing Report:
- Increased life expectancy: Advances in healthcare and a higher standard of living have led to an increase in life expectancy. As people live longer, the proportion of elderly individuals in the population naturally increases.
- Declining birth rate: The birth rate in India has been declining for several decades. This means that fewer children are being born compared to previous generations, resulting in a larger proportion of older adults in the population.
- Low fertility rates: In addition to fewer children being born, fertility rates have also decreased. This decline in fertility contributes to an aging population as there are fewer young adults entering the workforce and having children.
- Urbanization and migration: Rapid urbanization and migration from rural areas to cities have led to changes in demographics. Urban areas tend to have lower birth rates and higher life expectancy, which further contribute to an aging population.
- Improved healthcare: Access to better healthcare, including advancements in medical treatments and disease prevention, has contributed to increased life expectancy. Improved healthcare also allows individuals to remain active and productive as they age.
Answered
a year ago