In this article, we will discuss India’s Demographic Dividend (Advantage). So, let’s get started.
India’s Demographic Dividend (Advantage)
- Increase in Fiscal Space: Fiscal resources can be diverted from spending on children to investing in modern physical and human infrastructure that will increase economic sustainability of India.
- Rise in Workforce: With more than 65% of the working age population, India can rise as an economic superpower, supplying more than half of Asia’s potential workforce over the coming decades.
- Increase in the Labour Force that enhances the productivity of the economy.
- Rise in Women’s Workforce that naturally accompanies a decline in fertility, and which can be a new source of growth.