India’s current median population age stands at 26 years with around 36 percent of the people under the age 20. Among the key developed and developing nations, we are one of the youngest countries, certainly younger than the US, Australia, China, South Korea, UK, France, Germany and Japan. What is icing on the cake is that with an average 1 percent growth rate, our population is getting younger by the year.
We have one of the highest working-age population, around 63 percent people fall in the age bracket of 15-59 years, which can help transform India into an economic super power.
This demographic advantage is what sets India apart from other global economies like China and Japan that are ageing faster.