An aging population refers to a phenomenon in which the median age of the population in a region or country rises significantly when compared to the total population. This is caused by a declining birth rate or rising life expectancy. Better health, increased child survival and lower fertility all mean that the global population is no longer young for the first time in history. The aging population is growing much faster than the total population in almost all regions around the world. Aging is seen as a triumph of development as it indicates the presence of medical advances and better health care, sanitation, education, nutrition and economic well-being. There are, however, challenges at the individual, family and societal levels relating to a rising aging population although these can be addressed with the right policies in place.

1. Indian Aging
Population
NURUL AMIN
MBA 3RD SEM 2ND YEAR
ROLL NO. 5
GOENKA COLLEGE OF COMMERCE OF
BUSINESS ADMINISTRATION

2. Introduction
An aging population refers to a phenomenon in which the median age of the
population in a region or country rises significantly when compared to the total
population. This is caused by a declining birth rate or rising life expectancy.
Better health, increased child survival and lower fertility all mean that the
global population is no longer young for the first time in history. The aging
population is growing much faster than the total population in almost all
regions around the world. Aging is seen as a triumph of development as it
indicates the presence of medical advances and better health care, sanitation,
education, nutrition and economic well-being. There are, however, challenges
at the individual, family and societal levels relating to a rising aging population
although these can be addressed with the right policies in place.

3. Feature
• India’s 65 and over population currently represents only one-fourth
the number of its adolescents and young adults.
• It will not outnumber the younger group for nearly four decades.
• India will add roughly 9 million people each year to its labour force
over the next decade, while China will add virtually none.
• Fertility decline and rising longevity will rise the working-age share
creating higher growth rates in India over the next 30 years

4. Cont.
• Policies to meet the education and training needs of India’s youth
can ease the process of caring for growing numbers of older Indians
in the future.
• Behavioural and policy responses to population aging – including
higher labour force participation of women, higher savings for
retirement, and later age of retirement – suggest that population
aging will not necessarily significantly impede economic growth.
• If India adopts policies that allow the working-age population to be
productively employed, India may receive a demographic dividend
of roughly 1% point growth in GDP, compounded year by year

5. Product of Aging Population
• Religious books – Quran, New testament, old testament,
Bhagavad Gita, Talmud, etc.
• Medicines – related to high blood pressure, diabetes, joint
pain, arthritis, etc.
• Other like wheelchair, spectacles, walking sticks, ear
machines.

6. Service Of Aging Population
• Mediclaim Facilities: low cost treatment, low cost medicine
• Insurance Facilities
• Tours And Travel : Government and Privet company's give
discount and subsidies
• Medi Apps : providing facilities like home delivery.
Eg : iMEDICAL APPS, med scope, etc.
• Other Facilities : like trained nurses and care takers.

7. Mediclaim
Facilities
Government
Hospital
Low Cost Medicine
Insurance Facilities LIC SBI Life
Tours And Travel Railways Airways
Example of Services Aging
Population

8. Government Initiatives for
Aging Population
• Increase participation rate.
• Raise the retirement age.
• Increase the importance of the private sector in providing
pensions and health acre.
• Increase tax to pay for pension costs .
• Immigration.

9. Thank You