Question
Download Solution PDFIndia can be considered to be a country with Demographic Dividend due to ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is high population between 15- 64 years
Key Points
- Demographic dividend means the economic growth potential as a result of shifts in a population’s age structure, especially when the share of the working-age population (15 to 64 years) is larger than the non-working-age share of the population.
- India is one of the youngest countries in the world.
- India has 62.5% of its population in the age group of 15-59 years which is the peak working age.
- This bulge in the working-age population is going to last till 2055, or 37 years from its beginning.
- This transition is mainly due to a decrease in the Total Fertility Rate (number of births per woman) after the increase in life expectancy has become stable.
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Age Group (years) Population (%) 0-14 30 15-59 62.5 60 or above 8
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