Favourable Advantages of Demographic Dividend

  • With higher working age population and lower dependent population there will be increased economic activities which will ultimately lead to better economic growth.
  • Increase in savings rate, as the working age also happens to be the prime period for saving.
  • Increase in women workforce because of the decline in fertility rate allows for an increase in economic growth.
  • Fast-paced industrialisation and urbanisation due to increased number of job-seeking population. This would force the country towards higher economic activities.
  • A massive shift towards a middle-class society, that is, the rise of aspirational class.
  • With more than 65% of working age population, India will rise as ....
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International Relations