According to a report by McKinsey & Company, by what year is India expected to transition into an "aged" economy, similar to developed nations?

The report by McKinsey & Company projects that India will transition into an "aged" economy, often referred to as a silver economy, by the 2050s. This transition marks a significant demographic shift where the proportion of the elderly population increases relative to the working-age population, mirroring trends seen in developed nations. This shift is anticipated due to the declining growth in the working-age population, rising dependency ratios, and increasing fiscal pressures, which are typical characteristics of an aging economy.