Making People Work ; Over a Quarter of the World's New Workers in the Next Five Years Will Be Indian, but Our Education and Work Schemes Are Unprepared for the Demographic Dividend.

Summary

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AGENDA EMPLOYMENT

The alibis for India's poverty are a long list that includes corruption, weather, infrastructure, agriculture, subsidies, goofy politicians, greedy private sector, sleepy bureaucrats, myopic entrepreneurs, Mughals, British and much else, but an interesting omission for the last decade has been population. This former curse got repackaged as a demographic dividend (a high working and low dependent population) that will drive our growth rather than impede it. If demography is destiny, India really does have a unique opportunity as the only country growing younger in a rapidly ageing world: 25 per cent of the world's new workers in the next five years will be Indian.

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Making People Work ; Over a Quarter of the World's New Workers in the Next Five Years Will Be Indian, but Our Education and Work Schemes Are Unprepared for the Demographic Dividend.

This demographic dividend is a once in a lifetime opportunity but not a certainty. We could face dramatic social and cultural upheaval if the 270 million new entrants to our labour force over the next few decades find they are locked out of livelihoods, jobs, skills and education. Many Latin American countries, Russia and Cuba failed to gain from their demographic positives a...

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