Fertility projections based on log linear analysis suggest that India will attain replacement level fertility by 2019, given the past trends during 1981-94 continue. About 56 percent reduction in the current fertility levels is required to take India to replacement level fertility. The proximate determinants play an important role in the continuing decline in fertility in both the low and high fertility states. The implications of such an observed fertility decline in terms of population momentum are further discussed. [To view this article, please download the PDF.]