Instruction:
Question #1. Ageing global population and contracting workforce have increased the possibilities of emigration of human capital from young countries like India". Critically analyze. 10 marks (150 words)
Question #2. India currently holds the largest demographic dividend of the world which provides opportunity to export services to the ageing developed nations and enhance its economic growth. Analyze. 15 marks (250 words)
(Examiner will pay special attention to the candidate's grasp of his/her material, its relevance to the subject chosen, and to his/ her ability to think constructively and to present his/her ideas concisely, logically and effectively).
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Question #1. Ageing global population and contracting workforce have increased the possibilities of emigration of human capital from young countries like India". Critically analyze. 10 marks (150 words)
India with largest demographic dividend is the youngest country of the world and is expected to surpass China as the world’s most populous country by 2027 according to World Population report, 2019 published by United Nations.
Increasing demographic dividend and limited opportunities has created unemployment in India but at the same time has created opportunities for it to export services to developed countries of the world which are in fourth stage of demographic dividend with contracting work force.
Brain Drain from India and reasons behind it
Brain drain is a term indicating substantial emigration or migration of individuals. A brain drain can result from turmoil within a nation, the existence of favorable professional opportunities in other countries, or from a desire to seek a higher standard of living.
Steps needed to check Brain Drain
Conclusion
Although India has the largest demographic dividend in the world and receives highest remittances from abroad along with producing best talented doctors, engineers and scientist in the world but it lacks skilled labour force to fulfill its domestic needs. It has also reduced India as a supplier of cheap labour force globally. There is a serious lack of R&D activities and initiatives in India which has created a gap in innovative spheres of various initiatives while our own scientists are working for global giants like Microsoft, Google, Telsa and organizations such as NASA and ESA. India must take initiatives to check ‘Brain Drain’ to fulfill its domestic obligations regarding better R&D.
Question #2. India currently holds the largest demographic dividend of the world which provides opportunity to export services to the ageing developed nations and enhance its economic growth. Analyze. 15 marks (250 words)
Approach:
Hints:
India is going through its richest demographic period where its working age population has exceeded the dependent population. Currently, India is going through a 37 years period of rich demographic dividend which will last till 2055. India needs to reap this rich demographic dividend in the way European countries and East Asian economies like China and Japan did and achieve their apex level of economic dividend by adopting multi-dimensional ways. India has an opportunity to serve multi-level workforce demand in various sectors in ageing developed nations and underdeveloped nations.
Changing nature of employment and need of technically advanced workforce
Different ways by which India can reap its rich demographic dividend and export services to ageing developed nations
Conclusion:
Continuous upsurge in unemployment across several sectors of the Indian economy has urged policy makers to devise new markets and scope to provide employment to youths. Better human capital formation and increase in per capita income will also help India to better its Human Development Index rankings and attain Sustainable Development Goals pertaining to hunger, poverty, health and education. This will certainly transform the 21st century into “The Asian Century” and will bring India among the elite club of developed nations.
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