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Productive Employment and Empowering Education: An Agenda for India’s Youth

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  • Raghbendra Jha

Abstract

Until very recently and despite human capital’s pre-eminent and empirically established contribution to economic growth, Indian policymakers planning for economic development concentrated largely on issues of capital, labour and, to a lesser extent, technology. This paper argues that India’s demographic dividend with 65 per cent of the population in aged 15-24 in 2012 is ideally suited to embark on a path of sustained high rate of economic growth for the foreseeable future if India can reap the benefits of rapid human capital accumulation. It finds, however, that both in the area of education and in labour markets considerable effort is needed to facilitate such rapid and sustained growth

Suggested Citation

  • Raghbendra Jha, 2014. "Productive Employment and Empowering Education: An Agenda for India’s Youth," ASARC Working Papers 2014-01, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2014-01
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2014/WP2014_01.pdf
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    References listed on IDEAS

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    1. Robert J. Barro, 2001. "Human Capital and Growth," American Economic Review, American Economic Association, vol. 91(2), pages 12-17, May.
    2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Raghbendra Jha & Sadia Afrin, 2016. "Structural transformation in South Asia," ASARC Working Papers 2016-01, The Australian National University, Australia South Asia Research Centre.

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    More about this item

    Keywords

    Demographic dividend; human capital; education; productivity; India;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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