What is the meaning of demographic dividend? What is Its importance - MAINS QUESTION - DAILY CURRENT AFFAIR QUESTIONS AND ANSWERS

Saturday, August 22, 2020

What is the meaning of demographic dividend? What is Its importance

- Demographic dividend or demographic benefit indicates the positive and sustainable development of human resources in the economy. It shows the meaning of the growing young and working population (from 15 to 64 years) in the population structure and creation of increased quantity in production.

Importance of demographic dividend-

(1) Population is our largest capital. According to the Indian census, we can say that the share of the young and working population in this resource is constantly expanding.

(2) As a result of demographics, dependence is increasing only on the working population, while the workload on children and the elderly is decreasing.

(3) In view of the demographic dividend, according to a scholar FICCI, at present India stands at a historic juncture where it is in a position to reap immense economic benefits for the next several decades.

(4) Increased population and rapid growth rate due to demographic dividend has created a pyramid, which will benefit the country for many decades.

(5) Due to demographic dividends, domestic production can increase and revenue from services can increase manifold.

(6) By 2015, India's population is estimated to reach 1.4 billion, due to which the youth of India will engage as a working population and India's economy will benefit from it.

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