Thursday, June 20, 2013

Demographic Dividend...


Article;
Demographic Dividend Gets Postponed as Agriculture Workforce Falls

Comment;
Demographic dividend makes the Indian story fundamentally strong. Foreign inflows are influenced by this strong potential growth rate. They are celebrating it. But with an uneducated and unskilled population we are not going reap a huge dividend without increase in productivity and wages/per-capita. The long term goal is to achieve a higher per-capita income and consumption; everybody is heading in that direction. To cut short, a decent lifestyle... Many argue that we need to make people learn how to fish instead of giving them fish. Education and skill development is so crucial for an emerging economy that its long term goals can not be achieved without these two. They make people independent who are dependent on the State for their livelihood. The unemployment figures, 2.2, for the year 2011-12 says that employment is not a problem in INDIA but lack of skills are, which increases the productivity and wages/income. INDIA is stuck with subsistence wages without proper skills for its masses that can raise their incomes and reduces their exploitation. It is hard to deceive an educated population on matters of what the State has to offer for a good-life. The State should focus on making them independent and not dependent…

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