Demographers have warned against succumbing to fears about the expanding population quickly. The importance of utilising India’s population dividend and the development of new opportunities are being emphasised. In China, deaths are already outpacing births for the first time since 1960.
The population drop in China has not been stopped by the new one-child policy that was abolished in 2016 and allowed couples to have up to three children starting in 2021. Its economy is anticipated to suffer significant consequences.
Source: Business Standard
Both Asian nations’ population growth has slowed down, while China’s has done so far more quickly. Beijing claims to have taken proactive measures to address the ageing population and that the population dividend depends on both quantity and quality. The new adage is talent dividend. India can learn something from this.
When 68 percent of the population is between the ages of 15 and 64, which is regarded as the working population of a country, economic stability must encourage widespread skill upgrading.
The vast majority of institutions’ subpar learning practices, which produce hordes of passouts who are unemployed or have inadequate skills, present a significant obstacle. It is a self-inflicted wound that restricts employment options, stifles innovation, highlights socioeconomic misery, and, worst of all, is a missed opportunity to enter the global market.
Source: TIMES NOW
Finding solutions for the enormous workforce is crucial for a nation with the largest generation of young people. Even while the title of having the most people may not inspire pride, it would be foolish to see it as nothing more than a burden. A billion and a half Indians have travelled together on the path of India’s growth. The cherished objective is to increase its inclusiveness, illumination, and rewards.
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