define depency ratio? explain with reference to India
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This indicator gives insight into the amount of people of nonworking age compared to the number of those of working age. The ratio can be calculated as:Dependency Ratio = (Number of dependents / Population aged 15 to 64) x 100% It is also referred to as the total dependency ratio. 1:13.
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The dependency ratio is a measure showing the ratio of the number of dependents aged zero to 14 and over the age of 65 to the total population aged 15 to 64. This indicator gives insight into the amount of people of nonworking age compared to the number of those of working age. The ratio can be calculated as:
Dependency Ratio = (Number of dependents / Population aged 15 to 64) x 100%.
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Dependency Ratio = (Number of dependents / Population aged 15 to 64) x 100%.
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