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India's working-age population to grow until 2040, ADB reports
The Business Guardian
|August 04, 2024
India’s share of working-age individuals is projected to rise until 2040 and maintain a substantial workforce until almost 2050, while countries such as the People’s Republic of China and Japan face declining working-age populations, according to Asian Development Bank report.
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Statista data highlights that India’s working-age population made up over 60% of its total population in 2011 and is expected to grow until 2031. But by 2036, this percentage will slightly decline from 65.1% in 2031 to 64.9% in 2036.
This demographic trend underscores the importance of labour mobility and regional cooperation to address workforce imbalances and sustain economic growth across Asia and the Pacific.
As per ADB, Asia and the Pacific can effectively manage their demographic deficits through proactive regional migration policies and human capital investment.
Over the past 50 years, many countries in the region have prospered by leveraging their demographic dividends, focusing on infrastructure investments such as transportation, energy, and telecommunications.
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