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India's demographic dividend



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India's demographic dividend


              1. India has a young population profile. The population in the working age group of 15‑64 years is projected to increase steadily from 62.9% in 2006 to 68.4% by 2026, leading to a decline in the dependency ratio.14 This demographic dividend is expected to give India an edge in the increasingly competitive global environment. India's policies focus on empowering its young population. Accordingly, government policies emphasise ensuring proper healthcare, education, skill development, and encouraging labour‑intensive industry that provides employment in the manufacturing sector. Reforms have been introduced at all levels of education, including higher and technical education. The Right of Children to Free and Compulsory Education Act 2009, which came into force on 1 April 2010, provides for free and compulsory education to all children between the ages of 6 to 14. In the areas of higher and technical education, policy initiatives aim to make the population group between 18‑24 years (about 12% of the total) employable and competitive. This is sought to be achieved through curriculum reforms, vocational training, information technology (IT) and distance education.15

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