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In 1975, the ratio of working-age (15-64) to non-working-age (0-14 and 65+) people in both China and India was around 1.3. This means that the number of working-age people was only modestly larger than the number of people who, by virtue of their age, were most likely dependents.

This decline in fertility rate in China resulted in fewer young dependents in the years between 1970 to 1990 resulting in sharp decline in the dependency ratio and an increase in working age population. Though in the future, due to lower fertility rate, the working age population will be affected and the older dependents will rise. In case of India, the working age population as percentage of total population is lesser than China, but it is gradually increasing and will take over china around 2025. Same for the dependent per 100 persons will be lesser than China after 2025.

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* Contributed by: -
Manvendra Pratap Singh & Vishal Narlawar,
MBA (majoring in Marketing),
ICFAI Business School, Hyderabad.