“While many parts of the world are ageing, India’s youthful population can be a global resource to solve global problems.”
The Chinese expert Mu compared the two populations of India and China in his article.
“From the perspective of population age structure, 0.14% of China is aged 17-95, 15.59% is aged 63-35, and 60.18% is aged 70 and above, of which 65.13% are aged 50 and above; In India, 0.14% are aged 31-2, 15.64% are aged 63-6, and 65.5% are aged 3 and above.
It can be seen that the Indian population is young and energetic, and has great fertility potential,” Mu wrote.
Some Chinese citizens and experts shared a more critical outlook, saying that if the demographic dividend is not managed well, it could become a demographic disaster for India.
China Business News quoted leading India-China analyst, Liu Zongyi, as saying that India’s potential demographic dividend has a time window.
“Indian experts warn that by 2035, the proportion of India’s elderly population in the total population will rise significantly, the demographic structure will no longer be pyramid-shaped, and the window of demographic dividend will end.”
Whether India can successfully use its potential demographic dividend and turn it into a driving force for economic growth fundamentally depends on whether the Indian government can introduce effective economic, social and educational policies and implement them, Liu was quoted as saying by Chinese Business News.
UNFPA’s Wojner was more positive, and focussed on the “Gender Dividend” and the “Silver Dividend”, which India could extract.
With a median age of 29 years, India is a young country today, Wojner said, adding that the share of the working age population is expected to rise, clearly indicating the window of opportunity to boost economic development.
“Investing in women and enhancing female labour force participation rate will be crucial to tap the Gender Dividend.”
Additionally, the skilled workforce will earn and save more, which will be beneficial to reap the benefit of the second demographic dividend.
“This means that people will save and accumulate capital for meeting their expenses when they grow old and will have sufficient resources for taking care of themselves rather than depending upon the public transfers for taking care of the old persons resulting in a Silver Dividend,” the UNFPA official said.
Source- Hindustan Times.