India has a big advantage of demographic dividend, which will be key driver for its future growth. But as savings and incomes are down and economy is sluggish, India is losing out on its Demographic advantage.
Case of other countries:
India’s demographic transition
Demographic Disaster: If unutilised, the demographic dividend can turn into a demographic disaster. A situation of demographic disaster is when the unutilised working age population becomes a burden on country’s resources and does not contribute to any economic activity.
When a working-age population is left unemployed, it will not be able to secure its old age; in terms of pension or other guarantees, hence creating additional burden on the government.
Is India headed to a demographic disaster?
Utilising India’s demographic advantage: Way Forward
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