The Indian economy is at tipping point. And the youth of this country will determine the direction the economy takes. As per the Census of India – 2001 the population under 34 years was around 41%. Some experts refer to this large proportion of youth as “demographic dividend”. Others refer to it as “demographic disaster”. So which way will the economy tip? Is our burgeoning youth a bane or boon? In the early 1980s China was in a position that India finds itself today. And China’s current economic boom is said to be the direct consequence of the large proportion of youth in its population. According to some estimates the current proportion of population under 25 years in India is 51% and the proportion under 35 is about 66%. This predominance of youth in the population is expected to last until 2050. While the average age of an Indian in 2020 is expected to be 29 years, the average age for China is expected to be 37. With proper education, job openings and healthcare, our youth are sure to tip the economy in the right direction.
Posted on: Sat, 26 Oct 2013 04:20:35 +0000
Trending Topics
Recently Viewed Topics
© 2015