Investing in Health Care and Job Opportunities for Older Workers Can Support Demographic Transition
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Investing in health care, expanding job opportunities for older workers, closing gender gaps, and leveraging technology can effectively support a demographic transition. (Representational Image)
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3 min read | Last Updated: Apr 29, 2025, 11:35 PM IST
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Ageing societies are often associated with slowing growth and increasing fiscal pressures, but the latest World Economic Outlook (WEO) of the International Monetary Fund offers a nuanced perspective, highlighting the potential economic dividends of healthy ageing. Globally, the narrative on ageing has largely centered on fiscal implications, including rising health care costs and pension liabilities. India is no exception. The study featured in the WEO estimates that ageing could shave 70 basis points off India’s annual gross domestic product (GDP) growth between 2025 and 2050. As India moves past its demographic turning point in the second half of the century, this shift presents an opportunity to harness the potential of an ageing population for economic growth and development.
Reference : https://www.business-standard.com/opinion/editorial/healthy-ageing-adjust-policies-to-capture-the-upside-through-innovation-125042901424_1.html
