Studies have shown that India entered a 37-year period of demographic dividend in 2018. The bulge in the working age population is going to last till 2055.
About:
Since 2018, India’s working-age population (people between 15 and 64 years of age) has grown larger than the dependant population — children aged 14 or below as well as people above 65 years of age.
This bulge in the working-age population is going to last till 2055, or 37 years from its beginning.
Many Asian economies — Japan, China, South Korea — were able to use this ‘demographic dividend.’
Japan was among the first major economies to experience rapid growth because of changing population structure. The country’s demographic-dividend phase lasted from 1964 to 2004.
In the 16 years between 1978 and 1994 (post-reform, pre-dividend) China saw eight years of double-digit growth.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
