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Dependency ratio is therefore about 1:2. The per capita income at current prices during 1988-89 was Rs.4250 ($280 based on rate of exchange of Rs.15 per one U.S. dollar). About 25.8 per cent of the people are reported to be living below the poverty line (Subrahmanya, 1994).
India, a sub-continent that carries 15 per cent of the world’s population, is gradually
undergoing a demographic change as a result of many factors including specific development programs. With decline in fertility and mortality rates accompanied by an improvement in child survival and increased life expectancy, a significant feature of demographic change is the progressive increase in the number of elderly persons (accepting 60 years as a practical demarcation for defining the elderly)...
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