shine india monthly magazine Published this article page no 9 The demographic dividend which has begun in India and is expected to last another few decades is a great window of opportunity. The demographic dividend is basically a swelling in the working age population which conversely means that the relative ratio of very young and very old will for a while be on the decline. From the experience of Ireland and China we know that this can be a source of energy and an engine of economic growth. The demographic dividend tends to raise a nations savings rate since in any nation it is the working age population that is the main saver. And since the savings rate is an important driver of growth this should help elevate our growth rate. However the benefits of demographic dividend depend on the quality of the working age population. And this implies bringing back the importance of education acquisition of skills and human capital shine india monthly magazine buy.
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