India, however, seems to be in a demographic sweet spot with its working-age population projected to grow by a third over the same period.India’s
64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTubeDemographic dividend is a potential and not destiny. In this context discuss the Advantage of demographic dividend.
Large working age populations relative to the overall population appear to benefit from greater economic dynamism.
Younger populations are more entrepreneurial (adding to productivity growth); tend to save more, which may also lead to favourable competitiveness effects.
It gives a larger fiscal base because of economic growth and because there are fewer dependents (children and elderly) for the economy and government to support.