Moody’s says India will age as fertility falls below replacement
In short
Moody’s says India’s fertility rate has fallen below the level needed to replace the population. It expects India to have a much older population by the end of the century.
This matters because a smaller working-age population could slow growth and reduce demand for goods and services. The report does not say what policy changes, if any, will follow.
What the reporting says
Moody’s Ratings said India’s fertility rate has fallen below replacement level, a shift that is expected to leave the country with a much older population by the end of the century. The report says this could shrink the working-age population and limit productive capacity, while also weakening household and consumer demand. The exact policy response is not stated in the available reporting.
Why it matters
Moody’s Ratings said India’s fertility rates are below replacement level and that the country is likely to have a much older population by the end of the century. The report links that shift to a smaller working-age population, lower productive capacity and weaker household and consumer demand. The source does not provide a policy response or quantify the demographic change beyond the direction of travel.