Experts say planning can no longer be delayed
Sri Lanka is entering a demographic transition that will reshape its economy, healthcare system and labour market over the coming decades.
Demographers note that falling birth rates and longer life expectancy mean the proportion of older citizens is increasing faster than many policymakers anticipated.
The implications extend well beyond pensions.
Healthcare services will face growing demand for chronic disease management, rehabilitation and long-term care. Employers may need to rethink retirement policies, while communities will require more age-friendly transport, housing and public services.
Economists also point to a shrinking working-age population, raising questions about productivity, automation and future economic growth.
Rather than viewing ageing solely as a challenge, specialists argue it should be seen as an opportunity to develop new industries focused on healthcare, assisted living, financial planning and technology designed for older adults.
Countries across Asia are already adapting to similar demographic changes.
For Sri Lanka, beginning that conversation now may prove far less costly than waiting until demographic pressures become impossible to ignore.
