EconomyEasy
Which of the following statements is/are correct? 1. Demographic dividend is the growth potential that results from shifts in a population’s age structure. 2. India’s working-age population has grown larger than the dependant population. Select the correct answer using the code given below:
Which of the following statements is/are correct?
1. Demographic dividend is the growth potential that results from shifts in a population’s age structure.
2. India’s working-age population has grown larger than the dependant population.
Select the correct answer using the code given below:
Options
- a.
1 only
- b.
2 only
- c.Correct answer
Both 1 and 2
- d.
Neither 1 nor 2
Explanation
- Since 2018, India’s working-age population (people between 15 and 64 years of age) has grown larger than the dependant population — children aged 14 or below, as well as people above 65 years of age. This bulge in the working-age population is going to last till 2055, or 37 years from its beginning.
- Many Asian economies — Japan, China, South Korea — were able to use this ‘demographic dividend’, defined by the United Nations Population Fund (UNFPA) as the growth potential that results from shifts in a population’s age structure. This transition happens largely because of a decrease in the total fertility rate (TFR, which is the number of births per woman) after the increase in life expectancy gets stabilized.
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