India has the lower old age dependents

India scores over its developed peers on many points and one such advantage that the country has is the lowest number of old age dependents. As today's chart of the day shows, the percentage of old aged population (65 years and above) as a percentage of working population (15-64 years) in India is lowest as compared to Japan, UK and US and even its BRICS peers. For the developed world, rising aged population means that there is that much more pressure on governments to provide healthcare, pensions and other such benefits. A lower ratio in India means that the scope for contributing to the country's growth is higher. What is more, in the healthcare field, the rising aged in the developed world means more focus on low cost medicines to keep healthcare costs under control and this provides immense opportunity to India pharma players.