Abstract:
The share of working age population has declined all over the world. It is forecasted that this will continue for
the coming years in all countries in South Asia. Low growth in working age population in South Asia will be
effecting negatively for the economic growth. This paper studies whether the South Asia 2050 employment
targets would be sufficient to compensate for the downward impact of demographic burden and whether the
impact of demography on economic growth differs between South Asian countries. The results show that
degreasing working age population is the main challenge the South Asian region faces. Further it shows that
growth in GDP mainly depend on the demographic change. Population who contributed the economic
development become maturing and dependents of their children. The consumption of the ageing population is
very high as of higher spending on healthcare facilities. This effect badly on the economic growth in the region
and cause lots of challenges to the nations.
