India’s Demographic Dividend (Advantage)

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.