So then why does this election matter? This is a historic election for mainly one reason. India currently enjoys a demographic dividend: around two-thirds of its population is under the age of 35. This means that it has a labor force of over 500 million people, analogous to China in the early 1980s—when their economy really took off. From a policymaker’s standpoint, this labor force has to be put to productive work, preferably in the organized sector.
Posted on: Thu, 01 May 2014 00:33:10 +0000
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