Demographic dividend of emerging economies like India is talked about but does it really exist. The population split by age shows a significant young population… but is that a dividend? Or is there devil in the details?
The document discusses India's demographic dividend, defined as a rise in economic growth due to a rising share of working age people in the population. It provides demographic details on India, China, and the US by 2020. It then outlines challenges facing India related to education, unemployment, and healthcare. However, it also notes advantages for India like its position in the global labor market. It concludes with potential solutions like increasing access to education and investment in healthcare.
The document discusses India's demographic dividend and whether it will be a boon or bane. It notes that India is experiencing a decline in fertility rates and increase in life expectancy, leading to a decline in the dependency ratio and opening a window of opportunity. However, it warns that many of India's large working-age population have low educational attainment, which could limit their ability to contribute to the economy and realize the potential growth from the dividend. It concludes that while growth may create some opportunities, achieving the full potential of the dividend would require better education and skills training for the workforce.
We keep hearing that India will become a Super Power country some day because of its demographic dividend.
What exactly is this demographic dividend? Here's a lesson ‘Demographic Dividend’ that attempts to simplify this interesting concept for you.
India is experiencing a demographic dividend period where the working age population is growing faster than the total population due to declining fertility rates and infant mortality. This can spur economic growth if the workforce is skilled (first dividend). As the population ages, asset building can drive further growth (second dividend). However, India currently lacks skilled manpower and needs to strengthen industry-academia collaborations to ensure training aligns with job market needs in order to fully benefit from the dividend. The Skill India initiative aims to skill millions but deeper reforms are required such as research partnerships between educational institutions and companies.
The document discusses India's growing population and changing demographics, noting that while India will have a large working age population until 2050, many adults have low educational attainment. It questions whether hundreds of millions of poorly educated workers can be absorbed into high-growth sectors like manufacturing, IT, finance, and services given their educational backgrounds. However, it concludes that continued economic growth could still create opportunities for all, and that with improved education, more opportunities would open up, though the potential demographic dividend could have been larger.
The Planning Commission of India was replaced by the National Institution for Transforming India (NITI Aayog) in January 2015. NITI Aayog was formed to improve cooperative federalism and involve states more in the economic policy-making process. It adopts a "bottom-up" approach to planning, in contrast to the Planning Commission's "top-down" model. The Prime Minister serves as the chairperson of NITI Aayog, which aims to provide strategic policy advice to central and state governments.
The Planning Commission of India, established in 1950, has been replaced by the new National Institution for Transforming India (NITI Aayog). NITI Aayog will serve as a think tank and advisory body to the government, unlike the Planning Commission which formulated five-year plans and allocated resources. The new body includes leaders from India's 29 states and 7 union territories and will have a CEO and experts who report directly to Prime Minister Narendra Modi as chairman. Critics argue this marks a power shift from the Planning Commission model to greater state involvement in a cooperative federalism approach.
India has a large and young population but faces a skills gap challenge. With 54% of India's 1.2 billion people under age 25, and a projected skilled manpower surplus of 47 million by 2020, the government has launched the Skill India initiative to train over 400 million people by 2022. However, India still struggles with inadequate school infrastructure, teacher shortages, high dropout rates, and a mismatch between the skills taught and those needed for available jobs. The Skill India program aims to promote entrepreneurship and certification in diverse sectors to help address unemployment currently affecting 40 million Indians. Possible initiatives include increased collaboration between educational institutions and companies on research, curriculum, faculty development and preferential hiring.
The document discusses India's demographic dividend, defined as a rise in economic growth due to a rising share of working age people in the population. It provides demographic details on India, China, and the US by 2020. It then outlines challenges facing India related to education, unemployment, and healthcare. However, it also notes advantages for India like its position in the global labor market. It concludes with potential solutions like increasing access to education and investment in healthcare.
The document discusses India's demographic dividend and whether it will be a boon or bane. It notes that India is experiencing a decline in fertility rates and increase in life expectancy, leading to a decline in the dependency ratio and opening a window of opportunity. However, it warns that many of India's large working-age population have low educational attainment, which could limit their ability to contribute to the economy and realize the potential growth from the dividend. It concludes that while growth may create some opportunities, achieving the full potential of the dividend would require better education and skills training for the workforce.
We keep hearing that India will become a Super Power country some day because of its demographic dividend.
What exactly is this demographic dividend? Here's a lesson ‘Demographic Dividend’ that attempts to simplify this interesting concept for you.
India is experiencing a demographic dividend period where the working age population is growing faster than the total population due to declining fertility rates and infant mortality. This can spur economic growth if the workforce is skilled (first dividend). As the population ages, asset building can drive further growth (second dividend). However, India currently lacks skilled manpower and needs to strengthen industry-academia collaborations to ensure training aligns with job market needs in order to fully benefit from the dividend. The Skill India initiative aims to skill millions but deeper reforms are required such as research partnerships between educational institutions and companies.
The document discusses India's growing population and changing demographics, noting that while India will have a large working age population until 2050, many adults have low educational attainment. It questions whether hundreds of millions of poorly educated workers can be absorbed into high-growth sectors like manufacturing, IT, finance, and services given their educational backgrounds. However, it concludes that continued economic growth could still create opportunities for all, and that with improved education, more opportunities would open up, though the potential demographic dividend could have been larger.
The Planning Commission of India was replaced by the National Institution for Transforming India (NITI Aayog) in January 2015. NITI Aayog was formed to improve cooperative federalism and involve states more in the economic policy-making process. It adopts a "bottom-up" approach to planning, in contrast to the Planning Commission's "top-down" model. The Prime Minister serves as the chairperson of NITI Aayog, which aims to provide strategic policy advice to central and state governments.
The Planning Commission of India, established in 1950, has been replaced by the new National Institution for Transforming India (NITI Aayog). NITI Aayog will serve as a think tank and advisory body to the government, unlike the Planning Commission which formulated five-year plans and allocated resources. The new body includes leaders from India's 29 states and 7 union territories and will have a CEO and experts who report directly to Prime Minister Narendra Modi as chairman. Critics argue this marks a power shift from the Planning Commission model to greater state involvement in a cooperative federalism approach.
India has a large and young population but faces a skills gap challenge. With 54% of India's 1.2 billion people under age 25, and a projected skilled manpower surplus of 47 million by 2020, the government has launched the Skill India initiative to train over 400 million people by 2022. However, India still struggles with inadequate school infrastructure, teacher shortages, high dropout rates, and a mismatch between the skills taught and those needed for available jobs. The Skill India program aims to promote entrepreneurship and certification in diverse sectors to help address unemployment currently affecting 40 million Indians. Possible initiatives include increased collaboration between educational institutions and companies on research, curriculum, faculty development and preferential hiring.
India's Demographic Dividend - How to ExploitSagar Chavan
This document discusses India's demographic dividend and the need to develop skills to take advantage of it. It notes that while India has shifted directly to a services sector economy without strong industrial development, re-industrialization is needed to create jobs and drive economic growth. The document outlines challenges with outdated worker skills and proposes public-private partnerships in vocational education and training to develop skills relevant to the economy. India has a young population that can boost its workforce if given proper skills through improved vocational education programs involving government and private sector collaboration.
India has a rapidly growing population that is projected to surpass China's population by 2050. India currently faces challenges meeting its energy needs, with over 300 million people lacking access to electricity and energy supply unable to keep up with rising demand. Renewable sources like wind and solar make up a small portion of India's energy mix, which is still heavily reliant on non-renewable resources. To address these issues, India is working to reduce network transmission losses, expand its renewable energy sector through initiatives like developing the largest solar park, and invest in transportation infrastructure to support its growing population.
The document discusses the ongoing Syrian civil war and reasons for the conflict. It describes the main parties involved including Bashar al-Assad, various rebel and opposition groups, and the roles of Saudi Arabia and Iran's rivalry in the war. It also outlines the dire humanitarian crisis caused by the war, with over 4.5 million refugees and millions more internally displaced inside Syria living in difficult conditions.
India faces significant skills challenges due to its large and young population. It has a workforce of 459 million but only 2% of youth receive formal vocational training, resulting in 260 million unemployed or underemployed Indians aged 18-50. To address this "skill gap", the government launched the Skill India initiative to provide skills training to 500 million people by 2020 through public-private partnerships, focusing on both traditional and emerging sectors. The goal is to boost employment and entrepreneurship among Indian youth.
Economic planning in India has occurred through Five-Year Plans since 1951 to promote development. The Planning Commission oversees plan development, execution, and monitoring. Plans aim to increase GDP growth, industrialization, employment, and standards of living. Key achievements include growth in agriculture and industry. However, plans also experienced failures like slower than targeted growth. Ongoing economic liberalization since the 1980s has impacted planning. The current Twelfth Five-Year Plan aims for 8% annual GDP growth.
The document discusses India's history of economic planning through five-year plans since 1951. It outlines the objectives and focus of each five-year plan such as promoting industrialization, agriculture, poverty alleviation, and self-reliance. The Planning Commission was established in 1950 to coordinate and execute the plans aimed at equitable resource use, economic growth, and reducing economic disparities across regions. Each successive plan targeted higher GDP growth rates with varying degrees of achievement.
Economic environment PPT ON INDIAN BUSINESS ENVIROANMENT MBABabasab Patil
This document discusses economic development and the economic environment in India. It begins by defining key economic terms like economic growth, development, and the three sectors of an economy. It then outlines some of the major issues facing India's development like low per capita income, high poverty rates, unemployment, and economic inequalities. Some of the determinants of development discussed include capital formation, population growth, and building human capital. The document also provides an overview of India's economy as a developing one, looking at the contributions and growth of the primary, secondary, and tertiary sectors over time as well as some objectives of India's 11th five-year plan.
India has a population of over 1.21 billion people as of 2010, making it the second most populous country in the world. The population is young, with 64.9% of people between the ages of 15-64. Literacy rates have increased but are still only 74% overall. The major religions are Hinduism and Islam. While the female sex ratio has improved slightly in recent decades, it remains unbalanced. Most Indians work in agriculture, but employment is growing fastest in the services sector. Income levels remain low, with per capita income of only around $1,200 USD.
The document discusses India's economic reforms in the early 1990s. It summarizes that the reforms were initiated in 1991 due to a crisis in the economy, with goals of stabilizing growth and reducing fiscal deficits. The key aspects of the reforms were liberalization of controls on industry, privatization of public sector industries, and increasing globalization and openness to foreign trade and investment.
The document discusses India's economic reforms that began in 1991 in response to a crisis. The reforms included liberalization to reduce government controls, privatization to increase private sector involvement, and globalization to open the economy. Early crisis management stabilized the economy through fiscal correction, industrial deregulation, and balance of payments measures. Economic reforms aimed to increase efficiency and growth through market-driven policies rather than government control. This required gradual reforms like increasing exports, reducing imports and fiscal deficits, and making the economy more flexible.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
India's Demographic Dividend - How to ExploitSagar Chavan
This document discusses India's demographic dividend and the need to develop skills to take advantage of it. It notes that while India has shifted directly to a services sector economy without strong industrial development, re-industrialization is needed to create jobs and drive economic growth. The document outlines challenges with outdated worker skills and proposes public-private partnerships in vocational education and training to develop skills relevant to the economy. India has a young population that can boost its workforce if given proper skills through improved vocational education programs involving government and private sector collaboration.
India has a rapidly growing population that is projected to surpass China's population by 2050. India currently faces challenges meeting its energy needs, with over 300 million people lacking access to electricity and energy supply unable to keep up with rising demand. Renewable sources like wind and solar make up a small portion of India's energy mix, which is still heavily reliant on non-renewable resources. To address these issues, India is working to reduce network transmission losses, expand its renewable energy sector through initiatives like developing the largest solar park, and invest in transportation infrastructure to support its growing population.
The document discusses the ongoing Syrian civil war and reasons for the conflict. It describes the main parties involved including Bashar al-Assad, various rebel and opposition groups, and the roles of Saudi Arabia and Iran's rivalry in the war. It also outlines the dire humanitarian crisis caused by the war, with over 4.5 million refugees and millions more internally displaced inside Syria living in difficult conditions.
India faces significant skills challenges due to its large and young population. It has a workforce of 459 million but only 2% of youth receive formal vocational training, resulting in 260 million unemployed or underemployed Indians aged 18-50. To address this "skill gap", the government launched the Skill India initiative to provide skills training to 500 million people by 2020 through public-private partnerships, focusing on both traditional and emerging sectors. The goal is to boost employment and entrepreneurship among Indian youth.
Economic planning in India has occurred through Five-Year Plans since 1951 to promote development. The Planning Commission oversees plan development, execution, and monitoring. Plans aim to increase GDP growth, industrialization, employment, and standards of living. Key achievements include growth in agriculture and industry. However, plans also experienced failures like slower than targeted growth. Ongoing economic liberalization since the 1980s has impacted planning. The current Twelfth Five-Year Plan aims for 8% annual GDP growth.
The document discusses India's history of economic planning through five-year plans since 1951. It outlines the objectives and focus of each five-year plan such as promoting industrialization, agriculture, poverty alleviation, and self-reliance. The Planning Commission was established in 1950 to coordinate and execute the plans aimed at equitable resource use, economic growth, and reducing economic disparities across regions. Each successive plan targeted higher GDP growth rates with varying degrees of achievement.
Economic environment PPT ON INDIAN BUSINESS ENVIROANMENT MBABabasab Patil
This document discusses economic development and the economic environment in India. It begins by defining key economic terms like economic growth, development, and the three sectors of an economy. It then outlines some of the major issues facing India's development like low per capita income, high poverty rates, unemployment, and economic inequalities. Some of the determinants of development discussed include capital formation, population growth, and building human capital. The document also provides an overview of India's economy as a developing one, looking at the contributions and growth of the primary, secondary, and tertiary sectors over time as well as some objectives of India's 11th five-year plan.
India has a population of over 1.21 billion people as of 2010, making it the second most populous country in the world. The population is young, with 64.9% of people between the ages of 15-64. Literacy rates have increased but are still only 74% overall. The major religions are Hinduism and Islam. While the female sex ratio has improved slightly in recent decades, it remains unbalanced. Most Indians work in agriculture, but employment is growing fastest in the services sector. Income levels remain low, with per capita income of only around $1,200 USD.
The document discusses India's economic reforms in the early 1990s. It summarizes that the reforms were initiated in 1991 due to a crisis in the economy, with goals of stabilizing growth and reducing fiscal deficits. The key aspects of the reforms were liberalization of controls on industry, privatization of public sector industries, and increasing globalization and openness to foreign trade and investment.
The document discusses India's economic reforms that began in 1991 in response to a crisis. The reforms included liberalization to reduce government controls, privatization to increase private sector involvement, and globalization to open the economy. Early crisis management stabilized the economy through fiscal correction, industrial deregulation, and balance of payments measures. Economic reforms aimed to increase efficiency and growth through market-driven policies rather than government control. This required gradual reforms like increasing exports, reducing imports and fiscal deficits, and making the economy more flexible.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
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Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
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This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
1. Thought Provoker
Demographic Dividend… An Indian myth?... (1/2)
1. In absolute numbers dividend exist but most are not literate enough… how can dividend manifest?
2. A lot have crossed their basic education age… alternate forms of education needed?
Source: NSS 2009-10 66th round , frameworks2go analysis; For explanations see blog www.frameworks2go.quora.com
38%
The “Dividend”
The “Reality”
Of Indians
less than 35
years of age
18% Are not literate 43%
Have less than
secondary
education
54%
Have less
education than
what they
should have at
their age
Age not literate
literate
without
formal
schooling
literate &
upto
primary primary middle secondary
higher
secondary
diploma/
certificate
course graduate
post
graduate &
above
15-19 2% 0% 1% 4% 9% 8% 4% 0% 0% 0%
20-24 4% 0% 2% 3% 5% 4% 4% 0% 3% 0%
25-29 5% 0% 2% 3% 5% 3% 2% 0% 2% 1%
30-34 6% 0% 2% 3% 4% 3% 2% 0% 2% 1%
2. Thought Provoker
Demographic Dividend… An Indian myth?...(2/2)
1. Rural demographics & women especially in rural areas needs to be key focus areas?
2. What industries can absorb the current demographics given literacy levels? Where will shortages be
seen?
Source: NSS 2009-10 66th round , frameworks2go analysis; For explanations see blog www.frameworks2go.quora.com
38%
The “Dividend” The “Reality”
Of Indians
less than 35
years of age
70%
are in rural areas
35%
Are women in rural
areas
Rural Urban
Age Male Female Male Female
15-19 417020 327322 155887 127301
20-24 300185 315726 142827 131240
25-29 275773 304707 129713 124698
30-34 265773 284099 117110 114782
Rural Urban
Age Male Female Male Female
not literate
literate &
upto
secondary
secondary
& above not literate
literate &
upto
secondary
secondary
& above not literate
literate &
upto
secondary
secondary &
above not literate
literate &
upto
secondary
secondary &
above
15-19 1% 6% 5% 1% 5% 3% 0% 2% 2% 0% 1% 2%
20-24 1% 4% 4% 3% 4% 3% 0% 1% 3% 0% 1% 2%
25-29 1% 4% 3% 3% 4% 2% 0% 1% 2% 1% 1% 2%
30-34 2% 4% 2% 4% 3% 1% 0% 1% 2% 1% 1% 2%
11%
are women in rural
areas who are not
literate
26%
Are women in rural areas
with less than secondary
education
8%
Are graduates & above
4. Come, Lets Shape The Future
4
For more details:
info@frameworks2go.com
For associated tools & frameworks visit:
www.frameworks2go.com
For explanations see blog
www.frameworks2go.quora.com