Harnessing India’s Demographic Dividend

Significance

• Increased Economic Activity: Higher proportion of people who are working age and fewer people who are dependents, which results in increased economic activity.
• Economic Output: A larger labour force, which raises economic output. the demographic dividend's increased financial flexibility to shift funds away from child-related expenses and toward infrastructure investments for the physical and social sectors.
• Increased Savings Rate: An increase in the savings rate because the working age is also the best time to save, which naturally occurs together with a drop in fertility and can be a new source of growth. The significant rise of the aspirational ....