The document discusses India's demographic dividend, which refers to accelerated economic growth that occurs when a large proportion of the population is of working age. As fertility rates fall and longevity increases in India, the dependency ratio has decreased to around 0.6, indicating more working-age people relative to non-working dependents. However, to reap the benefits of the demographic dividend, India must implement policies like improving access to education, healthcare, financial inclusion, and generating adequate employment to ensure its growing workforce contributes productively to the economy. The Planning Commission of India recognizes the need to exploit the dividend to expand economic opportunities and meet the projected shortage of 56 million skilled workers globally by 2020.