In fact, India’s population structure will, in 2050, mirror that presently found in the major industrial countries. Fortunately, from, the fiscal point of view, unlike in industrial countries, India does not have a “Beveridgean” social insurance system in place. Thus, India’s demographics do not necessarily portend explosion in government social insurance outlays arising from underlying existing policy commitments.
This being the case, the demographics still pose important challenges on social security for the government. India’s demographics have important ramifications for the approach taken to the provision of medical care and the structure of India’s evolving social insurance policy framework.