India's fertility rate falls below replacement level, aging population looms: Moody's

Moody's Ratings has flagged that India's fertility rates have dropped below replacement level, signaling a major demographic shift. The rating agency projects that India will have a significantly older population by the end of the century as a result of this trend.

The decline in working-age population could constrain productive capacity and economic output. Moody's cautioned that weakening household and consumer demand may follow, posing risks to sustained economic growth across key sectors.