Trend of Population vis-à-vis Dependency Ratio

The age dependency ratio in India has been declining over the past few decades, from 76.6% in 1981 to 48.1% in 2021. This is a positive sign for the economy, as it indicates a larger share of working age individuals who can generate income and contribute to economic growth. The falling dependency ratio can also lead to higher consumer spending on discretionary items.

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Source: World Bank Database