Advantages Of Demographic Dividend

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Demographic Dividend: The demographic dividend is the economic growth that may result from changes to a country’s age structure. Demographic dividend occurs when the proportion of working people in the total population is high because this indicates that more people have the potential to be productive and contribute to growth of the economy. India’s Demographic Dividend has been a global talking point for quite some time. While the whole world is aging, India has a significant percentage of population in the young age category. This has heightened the prospects for not just India but the entire world. While India sees the demographic resource to aid its economic development, the world sees it as a huge market and potentially global workforce.…show more content…
Thus, the “demographic dividend” in India needs to be exploited not only to expand the production possibility frontier but also to meet the skilled manpower requirements of in India and abroad. To reap the benefits of “demographic dividend”, the Eleventh Five Year Plan had favored the creation of a comprehensive National Skill Development Mission. Various strategies for the 12th Plan – improved access to quality education, better preventive and curative health care, enhancing skills and faster generation of employment are being finalized to ensure greater productivity of Indian…show more content…
Male literacy at 80.9 per cent is still higher than female literacy at 64.6 per cent but the latter increased by 10.9 percentage points compared to the 5.6 percentage points for the former. Total enrolment in primary schools has declined in 2013- 14 while upper primary enrolment has grown. This is in line with the demographic changes in the age structure. However, the overall standard of the education system is well below global standards. The single most significant finding of the Annual Status of Education Report (ASER) is that learning levels across the country, whether in public or private schools, have not improved. Clearly, the policy prescription lies in shifting attention away from inputs to outcomes and focus on building quality education and skill development infrastructure. The Padhe Bharat Badhe Bharat initiative to create a base for reading, writing, and math fluency is a good step in this direction Skilling the Youth: As per the Labour Bureau Report 2014, the current size of India’s formally skilled workforce is small, approximately 2 per cent; this number compares poorly with smaller countries like South Korea and Japan which report figures of 96 and 80 per cent respectively. At all-India level, around 6.8 per cent of persons aged 15 years and above are reported to have received/are receiving vocational training. As per the

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