18 JUL,2022 | MEDC
According to a projection by the UN, India is set to overtake China as the world's largest country by population next year. There was a time when a growing population was seen as India's demographic dividend. However, that is now being increasingly questioned, especially in view of the dwindling employment prospects for the new generations of workers in India. Official numbers for unemployment often paint a relatively rosy picture, but they conceal a large number of self-employed, an even larger number of those choosing not to work, and a huge number of those switching back to disguised unemployment in agriculture. The worker-population ratio is below 40%. Having a large population with a low employment ratio does not augur well for the socio-economic prospects of the nation, and the government should take note of it. Smart policies can still prove that our demographic dividend is our biggest asset.
*Picture Credit: Google
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra