POPULATION AGEING IN INDIA- A GROWING CONCERN

Population ageing is a global phenomenon. The population of elderly ( 60+) is increasing globally. The number of elderly is increasing faster than the general population across the world. The world population is not only increasing but also growing older due to increased life expectancies and decreased fertility rates across nearly all countries.Indias aging population is growing rapidly but the pace of ageing in India is considered moderate compared to some other South Asian countries. Indias elderly population is projected to grow from 10.5 % in 2022 to 20.8 % by 2050.At present India is quite young having the advantage of youth bulge. Indias population has a large percentage of young people. But it is projected to become a rapidly ageing society in the coming decades. The share of elderly people aged 60 years and above is increasing. Hence this is an area that has to be received adequate attention.