Indian Prime Minister Narendra Modi’s plan to raise the legal age for marriage of women carry “enormous” economic and social gains for the world’s second-most populous nation, according to the State Bank of India.
The benefits range from lowering maternal deaths and improving nutrition levels in the near term to putting more girls in college and enabling women to achieve greater financial independence in the long-term, Soumya Kanti Ghosh, an economist with SBI, wrote in a report to clients Thursday.
“This is clear from the data,” Ghosh said. “The working age population increases with high marriage age.”
While the mean female marriage age