what is demographic divide in which year was this divide seen in india and why
Answers
Demographic Dividend refers to the rise in the rate of economic growth due to a rising share of working age people in a population. India's demographic dividend- i.e. its working-age (15-59 years) population, as of now, largely consists of youth (15-34 years), and as a result its economy has the potential to grow more quickly than that of many other countries including neighboring China. Technically, this usually occurs late in the demographic transition when the fertility rate falls and the youth dependency rate declines.
According to International Monetary Fund (IMF), India’s continuing demographic dividend can add about 2 percent to the annual rate of economic growth, if harnessed properly…..
There are many challenges which India needs to overcome to harness the opportunities created by demographic dividend. The growth in the working-age ratio is likely to be concentrated in some of India’s poorest states and that the demographic dividend will be fully realized only if India is able to create gainful employment opportunities for this working-age population..most of the new jobs that will be created in the future will be highly skilled and lack of skill in Indian workforce is another serious challenge. There are serious problems with Indian higher education. These include a shortage of high quality faculty, poor incentive structures, lack of good regulation.
bad as Indian higher education is, the worst problems are in primary education. After all, without a good foundation, subsequent education cannot happen easily and effectively. This is true even for vocational training, not just elite education for the advantaged and talented. At the primary level, there are also serious problems with health and nutrition that impact the effectiveness of education and the capacity for learning.
Government has undertaken some measures to impart skills to the Indian workforce to reap the benefits of demographic dividends. Government established National Skill Development Corporation to contribute significantly to the overall target of skilling / up skilling 500 million people in India by 2022, mainly by fostering private sector initiatives in skill development programmes and providing funding…
Thus government seems serious about harnessing the potential of demographic dividend through development of skills. However, more holistic measures are needed to make the Indian work force not just economically competitive but also efficiently competitive…
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