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The Hindu
The Hindu
Comment
Jean Drèze, Esther Duflo

The future of old times in India

Life expectancy in India has more than doubled since Independence — from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed from about six children per woman to just two, liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge — the ageing of the population.

The share of the elderly (persons aged 60 years and above) in India’s population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today.

Pensions help

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