Investing in Sri Lanka's future: National call to build a care economy

SRI Lanka is ageing rapidly and irreversibly. According to demographic projections, by 2045, nearly one in four Sri Lankans will be aged 60 or above. At the same time, our younger population is steadily shrinking due to declining fertility and increasing out-migration. This demographic shift is placing growing pressure on families, communities, and the State.

- By Professor Lakshman Dissanayake

Compounding this challenge is the reality that informal caregiving—whether for young children, elderly parents, or persons with disabilities—remains largely invisible, unpaid, and unsupported. The majority of this burden falls on women, especially daughters, daughters-in-law, and female household members, many of whom are compelled to leave the workforce or forgo education and economic independence. In the estate sector, rural areas, and among low-income families, the strain is even more pronounced due to limited access to formal care services and infrastructure.

Yet, these are not merely social issues or private family concerns—they are national economic challenges and opportunities. Care work, when recognised, supported, and professionalised, can drive inclusive economic development, create jobs, reduce gender inequality, and ensure that ageing and disability are not synonymous with exclusion or poverty.

Globally, there is a growing consensus that care is economic infrastructure as essential as roads, power, or digital connectivity. The recently released Australian report, “Care and Support Economy - State of Play,” makes a compelling case: investing in care services contributes directly to GDP, employment growth, and productivity. Care is no longer being treated as a welfare cost, but as a strategic investment.

Europe is already ahead. Sweden's gender-equal care policies, Germany's professionalised eldercare systems, and the Netherlands' integrated long-term care model all reflect a future-focused approach that balances compassion with capital. These countries have proven that public investment in care leads to healthier, more resilient societies and more equitable labour markets.