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United Nations Population Fund's (UNFPA) "India Ageing Report 2023" has said that India's elderly population is increasing fast and may surpass the number of children (aged 0-14 years) in the country by 2050. The report showed that globally, there are 1.1 billion people aged 60 years or above as per 2022 data, which amounts to 13.9 per cent of the global population, which is 7.9 billion. The UNFPA report said that the number of older persons in the world is likely to double to 2.1 billion by 2050, taking the elderly population to 22 per cent of the total population. The rise will be more significant in the developed world, where the share of older persons will rise from 26 per cent in 2022 to 34 per cent in 2050,. Whereas for the less developed regions of the world, the elderly population will rise from 11.5 per cent to 20 per cent during the same period. Asia is home to about 58 per cent of the global population of older persons, with 649 million individuals aged above 60. In the next three decades, the share of older persons and their absolute numbers will double and reach 1.3 billion, which will be 25 per cent of the total population by 2050
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