"Europe has a very difficult quandary: when you have an ageing population, either you import your workers or export your work. It is immigration or outsourcing. If you do neither, you have a challenge," Nilekani told the Financial Times.
Nilekani further said that Europe had to deal with decisions that were 'easy economically but difficult politically'. Noting the importance of getting fresh capital to fill likely gap in pension, he pointed to India as a possible source for that.
In the report, Financial Times added that Europe was 'ducking' the ways of solving its demographic problem which is perhaps its main long-term test.