Poised To take Off
India must address demographic issues to fulfil its enormous potential
Population explosion a “Night-mare waiting to haunt us.
Such contradictions notwithstanding, there is some evidence to suggest that there is a great window of opportunity for India. Some key reforms could launch the country on a long cycle of high, inclusive growth that could well end with India emerging as the third largest economy in the world.
Between 1983 and 2007-08, agriculture’s share in total employment came down from 63% to 53%, and it has since declined further.
Where productivity is only about half or a third of that in the organized sector-the 2009-2010 NSS survey shows that for the first time, employment has grown much faster in the high-productivity organized sector than in the unorganized sector.
This could push up India’s potential growth rate from around 7%-8% at present to 10% or more during the next two to three decades.
Another precondition, and a much bigger challenge, is education. An important goal in itself, education is also key to equipping the workforce with the necessary knowledge and skill s to migrate from low to high productivity jobs.
By 2025 1.40 billion, (140 crore) would overtake China’s population of 1.34 billion (134 crore)
By 2050 1.60 billion (160 crore)
By 2100 2.00 billion (200 crore)
India occupies 2.2% of the earth surface and 18% of population now, which would go upto 22% by the end of the century.
Can we provide
Education-that also quality education (especially at primary & Secondary level).
Employment-Expectation are rising the population explosion in the biggest impediment.