Posted 3/26/2024, 8:49:08 AM
India Faces Economic Challenges as Fertility Rates Drop and Population Ages
- Total fertility rate in India has steeply declined from 6.2 in 1950 to just under 2 in 2021, and is projected to further drop to 1.29 by 2050 and 1.04 by 2100
- Falling fertility rates combined with rising life expectancy is leading to an aging population in India
- Aging population presents economic challenges like higher healthcare costs and shrinking workforce
- India needs to capitalize on its current demographic dividend of a young population to avoid economic slowdown
- Multiple factors like urban lifestyle, stress, pollution are contributing to declining fertility rates in India