‘Even in a poor country like India, life expectancy has increased by five years in just the last decade, while birth rates have been falling’

By: - Climate DepotFebruary 2, 2014 9:16 AM

In global terms, it means that in the richest countries of the world, tax bases will shrink and these countries will be spending more on old-age benefits. In India, this will apply to children of retired parents, who will be living well into their 90s. In some parts of the world, a shrinking population also means a smaller workforce. The prediction is that this will lead to a reduced gross domestic product in most of the world.

The Financial Express of India, 2 February 2014