Innovative policies needed to tackle declining population in Asian countries – expert


credit:

India is expected to overtake China as the world's most populous country this year, but its growth rate is slowing down, even for India, which is expected to overtake China as the world's most populous country this year.

China's population fell for the first time in six decades last year, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.

Asian countries had already rolled out measures to encourage people to have more babies, including through tax deductions, longer maternity leave, and housing subsidies, but so far they have done little to reverse the long-term trend, Reuters reports.

"Primarily this has been through financial incentives for having children, but we are also seeing that they have not been as effective as what we have seen in certain other countries like Germany," says an expert.

"Allowing freezing of eggs for single women even, such kind of innovative policies will have to be tried out if the countries were to seriously address their population decline."

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