Eco survey calls for raising retirement age, merging schools as India ages

The conclusions in the study, "India's Demography at 2040: Planning Public Good Provision for the 21st Century," will have major implications for many companies

The Indian government on Thursday warned in a study that its population is going to start to age and it needs to be prepared to merge schools and raise the retirement age.

While India should be set to benefit from the so-called “demographic dividend” over the next decade as its working population is set to increase by about 9.7 million a year between 2021-31, that will quickly fade as the nation’s fertility rate plunges below replacement level.

The conclusions in the study, “India’s Demography at 2040: Planning Public Good Provision for the 21st Century,” will have major implications for many