-The Hindu India now has over 100 million citizens over the age of 60, five times the number in 1950. Independent India was born an extraordinarily young country. The median age was just a little over 21, and nearly 60 per cent of the population was under 25. With life expectancy just 36 years, the issue of managing an ageing population must have seemed like challenges for the distant future. Much has changed...
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India’s two-speed demography -Prachi Priya & Anuj Agarwal
-The Financial Express With 66% of its population under the age of 35, India is home to the largest cohort of young people in the world-825 million. The median age of the country is just 27 years, much below 37 in the US and 46 in Japan. Numbers like these suggest that India has a competitive advantage over China and other Asian countries-a demographic dividend. But favourable demographics do not imply that...
More »Give universal pension for a dignified life
The Pension Parishad is holding a dharna in Delhi for the rights of elderly since 26 November. It has demanded that a Universal and Non Contributory Old Age Pension System should be established with a minimum dignified amount of monthly pension not less than 50% of minimum wage or Rs 2000/- per month, whichever is higher. Despite several rounds of talk held between the campaign leaders and the Government in...
More »Demographic dividend at its peak-Rukmini S
-The Hindu If there was ever a time for the demographic dividend that India is banking on to start paying off, it is now. Census data released on Friday shows that India's youth bulge is now sharpest at the key 15-24 age group, even as its youngest and oldest age groups begin to narrow. The office of the Registrar General of India and Census Commissioner released ‘single year age data' for the...
More »MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION
Just in case our friends in the media were looking for more evidence, a new ILO report clinches the connection between old age pension and a country’s well being. The ILO report “World Social Security Report 2010/11: Providing coverage in times of crisis and beyond” puts India’s social security coverage in perspective of its peers. (the report can be accessed at http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_146566.pdf. India is not only nearly at the bottom...
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