Age Structure, Demographic Dividend and Growth of India

Abstract

The present study analyse the age structure demographic dividend of Indian population and their impact on economic growth by using secondary data. With demographic transition the age structure of the nation is also changing over time which resulted in huge base of youth population in the country at present.  It has been found that demographic dividend will exist in India up to 2050. However, the current employment situation reveals about lack of skill among the workers. As a result of which the country is not able to reap the benefit of demographic dividend reflected by low domestic saving rate. It is also observed that the share of illiterate worker are gradually decreasing in the context of Indian labour market.