India is set to witness a sharp slowdown in population growth in the next two decades, the Economic Survey report has flagged. It says that although the country as a whole will enjoy the “demographic dividend” phase, some states will start transitioning to an ageing society by 2030s.
With life expectancy for both males and females is likely to continue rising, increasing the retirement age for both men and women going forward could be considered in line with the experience of other countries.
Annual population growth is expected to come down to 0.46% between 2031 and 2041 from 1.77% during 2001-11. In fact, Tamil Nadu is projected to see an annual decline in population by 0.05% in the decade ending 2041, Andhra Pradesh to barely grow at a rate of 0.02%
