– Current population: ~350 million
– Previous growth projection by 2055: ~372 million
– Revised projection by 2055: ~367 million
– Shrinking working-age population may adversely impact labor supply and economic productivity.
– Programs like Social Security and Medicare will face pressure due to an aging retiree population.- Potential shortages in critical professions (e.g.,caregiving,agriculture).
The demographic shifts outlined in this report underline key implications for India on multiple fronts. As the United States grapples with declining population growth and stricter immigration policies, there may be a reduction in opportunities traditionally available for Indian skilled professionals seeking jobs or permanent residency abroad. This trend could prompt India to further strengthen employment opportunities domestically or diversify migration routes toward option countries.
Conversely, India’s sizable youth workforce coupled with continued population growth positions it advantageously relative to aging economies like the US. This “demographic dividend” could allow India not only to meet domestic economic needs but also potentially fill some global labor demands arising from shortages elsewhere.
However, a cautious reading suggests complexities around brain drain being redirected or policies increasingly catering toward national retention of skills might emerge globally-shaping policy debates within india to.