Too few babies—so what? India should address its low productivity, not declining fertility rate
Alarm over India’s declining fertility rate is misplaced. The author argues against policies incentivizing more births, stating they misunderstand the actual problem and structural forces at play. India’s challenge isn't a "baby shortage" but a "productivity deficit." Instead of raising birth rates, policymakers should invest in education, healthcare, infrastructure, and institutional quality to leverage the existing young workforce. Emulating countries like Japan, which became rich before aging, is a critical error. India must become prosperous while its workforce is still large and young. The focus should be on enhancing the capabilities of its 1.4 billion people, not on increasing population size.
LiveMint · Tulsi Jayakumar · Jul 2, 2026 at 10:30 AM