New Delhi: India's working-age population is projected to grow till 2040 and maintain a substantial workforce till 2050, while countries like China and Japan are seeing a decline in their working-age population. According to an Asian Development Bank report, Statista data highlights that India's working-age population was over 60 per cent of its total population in 2011 and is expected to grow further till 2031.

By 2036, 64.9% of the working age population will be

According to the report, by 2036, this percentage will decline slightly to 64.9 percent from 65.1 percent in 2031. This demographic trend will further highlight the importance of labour mobility and regional cooperation to address workforce imbalances and sustain economic growth in Asia and the Pacific.

Many countries have benefited from the demographic dividend

According to ADB, the Asia and Pacific region can effectively reduce its demographic deficit through active regional migration policies and human capital investment. Over the past 50 years many countries in the region have achieved prosperity by capitalising on their demographic dividends, focusing on infrastructure investment such as transport, energy and telecommunications. However, as the demographic dividend is turning into a deficit, a change in strategy is necessary.

Emphasis will have to be given on human capital investment

Countries must now prioritise investing in human capital to maintain economic stability and promote greater labour mobility across the region. UN data shows Asia has passed its peak demographic dividend.

The number of working people is decreasing in many countries

The total number of working-age persons is set to decline significantly in many countries, further highlighting the need for adaptive policies. Countries in Asia and the Pacific should adapt by implementing policies that make the most of their remaining workforce.