{"id":239448,"date":"2023-04-24T21:20:27","date_gmt":"2023-04-24T15:50:27","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=239448"},"modified":"2023-05-23T11:10:35","modified_gmt":"2023-05-23T05:40:35","slug":"india-as-most-populous-can-be-more-boon-than-bane","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-as-most-populous-can-be-more-boon-than-bane\/","title":{"rendered":"India as most populous can be more boon than bane"},"content":{"rendered":"\n

Source-<\/strong> The post is based on the article \u201cIndia as most populous can be more boon than bane\u201d published in \u201cThe Hindu\u201d on 24th April 2023. Link<\/a><\/p>\n

Syllabus: <\/strong>GS1- Population and associated issues<\/p>\n

Relevance<\/strong>– Issue related to population growth, size and composition<\/p>\n

News<\/strong>– India is projected to be the most populous country by mid-2023 by superseding China.<\/p>\n

United Nation reports suggest that India will have a population of 142.86 crore by mid-2023. It is 2.9 million higher than China\u2019s population of 142.57 crore.<\/p>\n

What is the right perspective to look at the population of any country?<\/strong><\/h2>\n

Population in itself is not a burden. The nature of population growth, size and its composition<\/strong> decide when a population becomes a \u201cresource\u201d or a \u201cburden<\/strong>\u201d. Population is a resource as long as the country\u2019s carrying capacity<\/strong> is intact.<\/p>\n

Carrying capacity<\/strong> is not just per capita availability of natural resources. It is a dynamic concept <\/strong>which changes according to changing technology, the efficiency of production and consumption systems <\/strong>of a country.<\/p>\n

There is a need to look at the age composition<\/strong> of the population. It tells us about available support ratios<\/strong> in the form of the number of the working age population (15-64 years) against the dependent population.<\/p>\n

What are the key mechanisms to translate a demographic bonus into economic dividend?<\/strong><\/h2>\n

Employment or job creation<\/strong> is an important mechanism to translate demographic bonus to economic dividend.<\/p>\n

Education, skills generation and healthy lifespan <\/strong>are important to translate demographic opportunity into economic gains. A skilled and healthy workforce is critical not only for better productivity<\/strong> of an economy. It also reduces excessive public spending<\/strong> and helps in greater capital creation.<\/strong><\/p>\n

Good governance<\/strong> is another important aspect for reaping demographic dividends<\/strong>. It helps in creating a healthy environment<\/strong> for increasing efficiency and productivity<\/strong> of the population.<\/p>\n

What are the trends of population growth, size and composition?<\/strong><\/h2>\n

India had a total fertility rate of 2.0 in 2023<\/strong>. It is already at replacement level fertility.<\/strong> The population is on a path toward stabilization. <\/strong><\/p>\n

It is in decelerated mode<\/strong> until 2064, when it will become negative growth. The peak of India\u2019s population size will be around 169.6 crore in 2063.<\/strong><\/p>\n

There are greater prospects for demographic dividend than a disaster<\/strong> in India. It has 68% of the working age population in 2023. The country continues to have a demographic window of opportunity<\/strong> for the next 35 years to reap an economic dividend.<\/strong><\/p>\n

How is demographic dividend helpful for India?<\/strong><\/h2>\n

A relatively younger population of India provides higher support ratios<\/strong>. There is lesser disease, disability and caring burden. <\/strong><\/p>\n

India\u2019s opportunity must be looked at in comparison to the population decline and ageing <\/strong>across some countries that include Japan, China, the United States and other major economies. Most of them have been implementing policies to improve birth rates.<\/strong> However, these actions are largely ineffective.<\/p>\n

India has the potential to become a worldwide market for both production and consumption<\/strong>, with lower manufacturing costs due to a relatively cheaper workforce.<\/p>\n

Available demographic opportunity has the potential to boost per capita GDP by an additional 43% by 2061.<\/p>\n

A total fertility rate of less than 1.8<\/strong> may not be economically beneficial<\/strong> for India. Therefore, drastic population control methods<\/strong> can induce forced population ageing. It would result in the nation \u201cgetting old before getting rich\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source- The post is based on the article \u201cIndia as most populous can be more boon than bane\u201d published in \u201cThe Hindu\u201d on 24th April 2023. Link Syllabus: GS1- Population and associated issues Relevance– Issue related to population growth, size and composition News– India is projected to be the most populous country by mid-2023 by… Continue reading India as most populous can be more boon than bane<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[263,10498],"class_list":["post-239448","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-1","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":123,"cached_at":"","cached_date":1698462811},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/239448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=239448"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/239448\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=239448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=239448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=239448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}