India to have more older population set as fertility falls below replacement: Moody’s

India's fertility rate has fallen below the replacement level, according to Moody's Ratings. This decline means that the country's population will age significantly by the end of the century, resulting in a smaller working-age population. This shift could limit India's productive capacity and weaken household and consumer demand across the economy, potentially impacting growth and trade. As a result, India's economic landscape may undergo significant changes.

Why it matters

India's fertility rates have fallen below replacement level, affecting its population structure. This could lead to a higher dependency ratio and put pressure on the country's pension and social security systems.

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