Favourable Advantages of Demographic Dividend
- With higher working age population and lower dependent population there will be increased economic activities which will ultimately lead to better economic growth.
- Increase in savings rate, as the working age also happens to be the prime period for saving.
- Increase in women workforce because of the decline in fertility rate allows for an increase in economic growth.
- Fast-paced industrialisation and urbanisation due to increased number of job-seeking population. This would force the country towards higher economic activities.
- A massive shift towards a middle-class society, that is, the rise of aspirational class.
- With more than 65% of working age population, India will rise as ....
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