How the demographic dividend can help in India?

  • Youngest country with median age of 28 years.
  • China’s media age is 37 years.
  • Boston Consulting Group says manufacturing labour cost 4 times in China.
  • Ageing can be a problem to delve into later on.
  • We have 37 years make India what we want to make.
  • The Economic Survey: India’s demographic dividend will peak in 2041.
  • India to have 59% of its total population in working age.
  • Working age population (20-59 years) – will grow by 97 lakh per year from 2021 to 2031 and 42 lakh per year from 2031 to 2041.
  • Half of India’s population is under 25.
  • 39 crore or 30% of India’s population is between 15-29 years.
  • Total youth population (15-34 years) – 42.2 crore in 2011, 47.9 crore in 2021. 
  • Youth will make 34.1% of country’s total population in 2021.

Demographic Dividend Period in Some Major Economies

India2018-205537 years
China1994-203137 years
Japan1964-200440 years
South Korea1987-202740 years
Brazil2006-203832 years

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