India to Become an Aged Society Within 16 Years, Warns Moody's

India is on track to become an 'aged' society within 16 years, according to a warning from Moody's. The country is experiencing one of the steepest fertility declines globally, which is accelerating its demographic aging. Nations with the sharpest drops in fertility rates are expected to age the fastest in the coming decades. India's situation is particularly concerning as this aging is occurring before the country has achieved high-income status, a pattern economists describe as 'getting old before getting rich'.
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