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India’s Demographic Dividend

In an excellent paper written for the American Enterprise Institute, Nicholas Eberstadt states that :

Over the next two decades, India‘s total population is set to grow by a little over 1% per annum, possibly becoming the world‘s most populous state before 2030—and almost all of this growth would be working age manpower. As India‘s manpower pool grows, the country‘s ―dependency ratio (the ratio children under 15 and persons over 65 to working-age population) will be falling, and the society will remain relatively youthful. Such changes in population structure could facilitate higher levels of national savings, investment, and thus —all other things being equal—economic growth.

 

The catch?Lack of education access (education deficit) and proper medical facilities (health deficit) for millions of Indians can possibly spoil the party.

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