DEMOGRAPHY has, for some years now, been recognized as a driver of various key parameters of a nation. A country with rapid population growth, for example, could benefit for many years from a “demographic dividend”. This is because the ratio of working age people to dependants (the non-working age groups) begins to increase and can trigger faster economic growth. China and other East Asian countries experienced this; now, India too is very well-placed in this regard. Of course, deriving the full benefit requires that workers have the necessary education and skills: something that we need to ensure.
A large youth population can also be a source of entrepreneurship and innovation, as the young are known to be less risk-averse and more likely to break new ground. Therefore, in the tech era, when start-up enterprises are a catalyst for economic growth and jobs, having so many youngsters is a huge advantage: one more demographic dividend. In India, we are already seeing the fruits of this through the upsurge in start-ups and the success of so many innovative ideas.
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DEMOGRAPHY has, for some years now, been recognized as a driver of various key parameters of a nation. A country with rapid population growth, for example, could benefit for many years from a “demographic dividend”. This is because the ratio of working age people to dependants (the non-working age groups) begins to increase and can trigger faster economic growth. China and other East Asian countries experienced this; now, India too is very well-placed in this regard. Of course, deriving the full benefit requires that workers have the necessary education and skills: something that we need to ensure.