Essay on indias demographic dividend

There is a strategic urgency to put in place policies which take advantage Essay on indias demographic dividend the demographic dividend for most countries. The work these labourers get is not guaranteed every day, the wages are not fixed and they are prone to abuse by their short-term employers.

The traditional way in which countries have developed is through low-end manufacturing, like garments exports, and then migrating to higher-end work like automobiles and electronics. A period of mass unemployment and social unrest is looming unless there is a shift, both internal and external, that at the moment is nowhere to be seen.

Recent education dividend theory[ edit ] Recent research shows that the demographic dividend is an education-triggered dividend [4] Statistical overview[ edit ] Approximately 1. He stressed that societies which have high fertility rates would have lower income levels and those with lower fertility rates will have higher incomes.

India has roughly million or 83 crore people below the age of 35 years. On garments, for instance, we compete and often lose to countries like Bangladesh, Vietnam and Sri Lanka which are more efficient and cheaper.

We have completely neglected that. What we have to focus on first is education. This policy led to a decline in the fertility rate and a decrease in the dependency ratio. According to the United Nations, the working-age population will increase by about million globally in the next decade.

However, there is a second view on this. Subramanian expressed doubt that India could train workers fast enough. However, the magnitude of this benefit appears to be dependent on the ability of the economy to absorb and productively employ the extra workers rather than be a pure demographic gift.

It is not hard to see the implications if this young population is not given jobs and thereby an opportunity for a respectable way of living. The first is in finding jobs for all these people. This increase in national savings rates increases the stock of capital in developing countries already facing shortages of capital and leads to higher productivity as the accumulated capital is invested.

India’s Strategic Challenge #1: Demographic “Dividend”?

He teaches strategy and international business courses to executive, postgraduate and undergraduate students. To make manufacturing a genuine engine of growth, the government has announced new policies as part of the 12th five-year plan that aim to create million work opportunities by — many in labor-intensive manufacturing sectors such as textiles, gems and footwear.

But today, emerging countries like Brazil, China and especially India are showing comparative advantages in certain skilled areas such as management and finance — and are exporting FDI as a result.

India won't benefit from demographic dividend: Mass unemployment, unrest looms ahead

Secondly, the clock is ticking and ticking fast. Blog Strategos Strategy traces its roots to "Strategos", an ancient Greek word implying "the art of the general". What we have to focus on first is education.

However, this realization comes with challenges. Funding is something that partly needs to come from outside the national borders. There are some challenges related to those seemingly favorable demographics, however.demographic dividend and urges the industry to be the focal point of all skill development activity from working with the Government to engaging through CSR and through creating sustainable and scalable models to achieve the mammoth target of Mn skilled people by Bringing industry.

It is widely expected that India will have a demographic dividend for another 25 to 30 years, post which India’s total labour force is expected to start reducing, in absolute terms.

It is widely expected that India will have a demographic dividend for another 25 to 30 years, post which India’s total labour force is expected to start reducing, in absolute terms.

In the contemporary world, 'Demographic Dividend' has become a hot topic for the policy makers, economist and experts from the various sectors around the world.

How does Demographic Dividend impact on the India’s economic growth?

Many countries are on the crossover. With the average Indian now just 23 years old, and with over half the population under 25, many see potential for a big demographic dividend and India likes to projects an image of a vast, English. India’s Demographic Dividend India is expected to grow at a sustained high rate for the coming decades being second only to China.

One of the major contributors to the same is expected to be the young working population of the country.

Essay on indias demographic dividend
Rated 4/5 based on 47 review