India’s policymakers have long flaunted the massive economic benefits that the country will reap from its huge youth population.
But while the country, with a median age of a little below 30 years, is still relatively young today, it looks all set to age quite rapidly in the coming decades, thanks primarily to a rapid decline in fertility levels.
An ageing population, many economists believe, could turn out to mean serious economic trouble unless India manages to grow its economy at a rapid pace in the coming decades.
