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Weakening Demographic Dividend in India

Author

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  • Yoon Jae Ro

    (Korea Institute for International Economic Policy)

  • Jiwon Park

    (Korea Institute for International Economic Policy)

Abstract

This study examines the influence of demographic changes on India's economic growth from 1999 to 2019, emphasizing the impact of the rising working-age population on state domestic product per capita and sectoral value-added. While the overall influence of the working-age population ratio and core working-age proportions on per capita economic growth is limited, a higher proportion of high-skilled workers and urban residents positively affects per capita output. Furthermore, our analysis highlights sector-specific effects, with particular significance observed in the industry sector, where the influence of the working-age population is most pronounced.

Suggested Citation

  • Yoon Jae Ro & Jiwon Park, 2024. "Weakening Demographic Dividend in India," Asian Economic Papers, MIT Press, vol. 23(2), pages 119-139, Summer.
    • Handle: RePEc:tpr:asiaec:v:23:y:2024:i:2:p:119-139
    DOI: 10.1162/asep_a_00896
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