Baby boom: Andhra Pradesh's child incentives are a bold experiment with a slim chance of success
Andhra Pradesh plans to offer cash incentives and support to boost its birth rate, shifting from population control to "care." This initiative responds to a global concern: declining fertility rates, impacting economies with aging workforces and shrinking markets. Many countries, including India, are below replacement TFRs. However, the global record for reversing demographic decline through policy, like cash handouts, is largely unsuccessful, with nations often falling into a "low-fertility trap." While Andhra's subsidies might appeal due to poverty, their long-term effectiveness is questioned. India, facing a similar TFR slide, needs to avoid an aging population before economic growth.
LiveMint · Mint Editorial Board · Yesterday at 2:00 AM