Globally India has got a tag of a young country whose majority of the population is between 18 and 60. And with such a young force, India is taking huge leaps in booming its economy.
Although, India is achieving newer heights at the global stage due to its young driving force but according to the initial findings of the government’s technical group on population projections, it is predicted that the population of people above 60 is going to be doubled by 2036. In 2011, the per cent of the population above 60 years was 8.6 and it is expected to rise to 15.4 per cent.
Also, the report highlighted that the population will see a growth of 26 per cent by the year 2036 which will take India’s population to more than 1.5 billion. Further, a decline in the percentage of the young population is set to take place in the upcoming years is predicted in the report.
Further, the fact came as a disappointment that the population of people between age-group 25-29 will decline from 19 per cent to 15 per cent and if the predictions came true then India is set to witness a major downfall in the economy as they are the thriving forces of it.
The technical group also estimated a sharp decline in the population below 15 years. According to them, it will fall from 30.9 to 17 per cent in 2036 and it will be the underlying cause of the increase in the population above 60. Further, the productive age group I.e. between 15 to 59 years will witness a marginal increase from 60.5 to 66.7 per cent.
The initial findings of the reports also suggest that the crude birth rate is projected to see a downfall to 12 from 19.8 per cent. Also, it predicts that there will a major boost in the urban population as it will increase by 25 per cent in 2036.
These technical group which brought out the tally was constituted by the National Commission on Population. The findings of this group were recently brought out in the Parliament.