India has a lot of things going for it in its bid to be the economic power
house. Its demographic advantage is certainly the most
important of these advantages we believe. However, if report by a United Nations
body is to be believed, this advantage would run out sooner than expected. As
per the body,
India's median age is
projected to go up rapidly to 31.4 years by 2026, a huge jump from the 20.2
median age witnessed in 1981. Falling fertility rates and increased
longevity are the key reasons being cited for this trend. If this is indeed
true, then it is time policymakers start factoring demographics into their
policymaking we believe.
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| Source: LiveMint |
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