This situation presents our country with a golden opportunity with a potential to make us a real superpower. We have multiple successful examples of PPP models in major areas including healthcare, infrastructure and education. Blog Strategos Strategy traces its roots to "Strategos", an ancient Greek word implying "the art of the general".
Although India currently has the largest set of young people, the issue is that a disturbingly large portion of this group is either totally unemployed or only partially employed and that also primarily in the unorganized sector. Failure to grab this opportunity entails even starker class divide than today, political and social unrest, hooliganism and increased public spending.
What we have to focus on first is education. This is a low-hanging fruit. In theory, economists believe that rich countries should produce the technology, know-how and capital and then shift those resources to poorer countries in the form of FDI. The second most populous country in the region and the world affords grounds for cautious optimism.
The Japanese workforce has been shrinking sinceand the Korean workforce will start to decline beginning The third mechanism is human capital. Recent education dividend theory[ edit ] Recent research shows that the demographic dividend is an education-triggered dividend  Statistical overview[ edit ] Approximately 1.
The fourth mechanism for growth is the increasing domestic demand brought about by the increasing GDP per capita and the decreasing dependency ratio. Labour chowk in Noida, or for that matter in other parts of NCR and the country, is a place where hundreds of labourers, who often hail from different parts of the country, come together looking for short-term contractual work.
We have a vibrant private sector and now also a top-notch, though emerging, start-up ecosystem with some brilliant minds at the helm think Mr. And in a country as diverse as India possibly calls for separatism. May 16, Perhaps an autonomous agency of the Govt. A majority of these people are fairly young, uneducated and from very weak financial backgrounds.
All of East Asia, even China, in the early phases developed using low-skilled, abundant labor. With the right skills and training, Ramadorai sees workers from India prospering not only at home but also abroad.
Secondly, the clock is ticking and ticking fast.Demographic dividend, as defined by the United Nations Population Fund (UNFPA) means, "the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older)".
In. Demographic trends in India. A growing workforce helps the entire Indian economy, giving businesses access to people that are young, educated and physically fit; it also drives down labor costs.
This is the most exciting aspect of India’s. demographic dividend and urges the industry to be the focal point of all skill development activity from working with the Government to engaging through CSR and through creating sustainable and scalable models to achieve the mammoth target of Mn skilled people by Bringing industry.
India will be one of the few countries in the world with a working age population that exceeds its number of retirees.
“Bythe average Indian will be only 29 years of age, compared with Children between the ages of 0 and 14 years made up % of the population–the future demographic dividend of the country, while % of the popn were above the age of 60 years.
Urban and rural areas had very similar population composition. It is widely expected that India will have a demographic dividend for another 25 to 30 years, post which India’s total labour force is expected to start reducing, in absolute terms.Download