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Sam Ghosh Founder and SEBI Regd. Investment Adviser at Wisejay Private Limited Bangalore, Karnataka
Indian demographic trends: 2030 and beyond part 2 : Composition of Population - Children - Youth - Adult - Senior
4 answers/comments
06:29:17 AM, 11th August, 2019
  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka

    COMPOSITION OF POPULATION

    While the absolute size and growth of the population are important factors, the composition or structure of the population is far more important to study. Absolute numbers tell us how many people will in a country or region, the composition tells us will that be a good or bad thing i.e. whether the population be an economic asset or economic liability, how they will behave, what kinds of things they will spend on and what business opportunities will emerge.


    CHILDREN-YOUTH-ADULT-SENIOR

    Let us start by dividing the population in the following age-groups

    Children: 0-14 years old

    Youth: 15-24 years old

    Adult: 25-59-year-old

    Senior: 60 and above


    Now, let us see the trends.


    Population by age-groups (1960 - 2050) – Millions

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  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka

    Population by age-groups (2020 – 2050) – Millions

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  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka

    Population by age-groups (2020 – 2050) – Percentage Share

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  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka

    We can see that there has been a drastic growth in the "adult" age-group and it is expected to grow albeit at a lower rate reaching around 800 million by 2050. There is a slowdown in the "children" age group starting around 2010-12 and will continue that trend.

    At the same time, "60 and above" age group will steadily increase from 10% (139m) now to 12.5% (188m) in 2030, 15% (244m) in 2040 and 19% (313m) in 2050.

    Remember that these people will be retiring after a period of hypergrowth. The first generation that entered the workforce after the economic liberation in the 1990s will retire around 2030 and will create a lucrative consumer segment not only for health care but also for tourism and hospitality, personal care etc.

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