..........The share of elderly in the population has increased from 5.6 per cent in 1961 to 7.4 per cent in 2001 and is projected to rise to 12.4 per cent by 2026. The absolute numbers will double from 7.7 crore in 2001 to 14.3 crore by 2021. “With rising life expectancy and declining fertility, the demographic window of opportunity will close soon and the small cohort of children born during this time will find themselves supporting a large cohort of elderly parents,” the RBI said...............
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