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Title: India's Got Time

Link: https://news.slashdot.org/story/25/08/19/2356...

India Dispatch: The strongest case for India is not merely that it is young,
but that it still has time, and it may be the only continental-scale economy
that still has it in abundance. India won't cross the demographic threshold
for an "old" country -- a median age of 41 -- until the late 2050s, while
China reaches that point now. India requires 10.4% sustained GDP growth over
35 years to become rich before aging, compared to China's needed 32% annual
growth rate. India's working-age population will increase from 67.5% in 2021
to 69.2% by 2031, with the median age remaining at 34.5 in 2036. The report
adds: China's compressed dilemma mirrors what is gripping the developed
world, where Europe's share of population over 65 is on track to hit 30% by
2050, up from 8% in 1950. Raising retirement ages -- what economists describe
as the closest thing to a silver bullet -- faces older voting blocs, who now
make up roughly 40% of those who turn up at the polls in European elections.
In the U.S., what J.P. Morgan analysts term a "Social Security cliff" looms
by 2033, when the system's trust funds are projected to be exhausted, and
hopes that productivity miracles (powered by, hopefully AI) will quietly
square this circle look optimistic, leaving much of the rich world and North
Asia out of time.

Read more of this story at Slashdot.

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