With India’s population likely to grow at under 0.5 percent during 2031-41 as a result of dipping fertility rate and increased life expectancy, the Economic Survey of 2019 has pointed out that “an increase in retirement age is perhaps inevitable”.
“Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signaling this change well in advance – perhaps a decade before the anticipated shift – so that the workforce can be prepared for it," the survey said
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With India’s population likely to grow at under 0.5 percent during 2031-41 as a result of dipping fertility rate and increased life expectancy, the Economic Survey of 2019 has pointed out that “an increase in retirement age is perhaps inevitable”. “Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signaling this change well in advance – perhaps a decade before the anticipated shift – so that the workforce can be prepared for it," the survey said
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