...Demographics of India India does not collect data but according to the CIA World Factbook it estimates the population is 72% Indo-Aryan, 25% Dravidian, and 3% Mongoloid or other ("India Population 2015"). Eighty percent of the population speaks Hinduism while 13% of the population practice Islam religion (second-largest). Other religious groups include Christian, Sikhs, Buddhists and Jains ("India Population 2015"). While India has twenty-eight states, Uttar Pradesh is the largest with 199,581,520 people. Two other states have more than 100 million people – Maharasta (pop: 112.4 million) and Bihar (pop: 103.8 million). The smallest is Sikkim (pop: 607,688). ("India Population 2015"). As of 2015: ("India Population 2015") Population of India 1,309,201,909 Births Per Day 343,305 Median Age 26.94 Years Life Expectancy (Male) 65.76 Years Life Expectancy (Female) 69.33 Years India is a poor country with most of its population living in villages. Depending on the type of work, the individual may make more than the average person. India does not have dollars, they use rupees. Today, the US $1 is equal to 66 rupees in India. Most individuals make anywhere from $150 to $300 (USD) a month to live on. Poor education may contribute to the low pay as keeping children in school through graduation is still an issue and dropout rates continue to be high. Nationally 29 percent of children drop out before completing five years of primary school, and 43 percent before...
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...Demographic Complementarities and Outsourcing: Implications for India By: Mukul G. Asher Professor, LKY School of Public Policy National University of Singapore e-mail: sppasher@nus.edu.sg and Research Scholar Department of Economics National University of Singapore e-mail: amarendu@nus.edu.sg Amarendu Nandy May 2006 Draft – Not to be cited without permission The authors would like to thank anonymous referees, Sanjeev Sanyal, Amlan Roy, Anantha Nageswaran and R. Swaminathan for their useful comments. The usual caveat applies. _______________ This is a longer version of the paper prepared for IMRC 2006 conference on Global Competitiveness through Outsourcing: Implications for Services & Manufacturing, Indian Institute of Management (IIM), Bangalore, July 13-15, 2006. Abstract This paper analyses the implications of differing global demographic trends for India’s competitiveness in outsourcing and offshoring. It also briefly notes the implications of differing demographic trends among the Indian states. The paper argues that demographic complementarities with high-income countries provide India with one-time opportunity to sustain its growth rate and occupy all segments of global outsourcing and offshoring activities. India has used the labor cost advantage to gain reasonable market share in these activities. It however faces serious internal and external challenges in sustaining its international competitiveness, particularly with respect to labor cost....
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...Capitalizing India’s demographic advantage Contents S.no | particular | Page no. | 1 | introduction | | 2 | Stricture of India’s workforce | | 3 | Possible Indian workforce structure by 2020 | | 4 | Comparison of India’s workforce with china china’s workforce | | 5 | Advantages of India’s Demographic Dividend * Cheap labor * Exporting labor force to other countries * Inflow of foreign currency * More Business Activities in Economy * No adverse impact of Recession in Economy * Contribution in Capital Formation * Contribution in Public Revenue * Other advantages of Indian demographic | | Introduction A HAPPY development in recent times has been the increasingly frequent talk about the positive side of our country. Since Independence, we have been generally witnessing only a series of negative cynical comments in the media. As Indians we must be the most self-critical set of people in the world, but this mindset seems to be changing. Among the positive talk has been the reference to India's demographic advantage. We are a billion strong — in the same class as China — and we also have an edge over China. Thirty seven (37) per cent of our population is in the 15-35 years age group against 25 per cent in China.This at a time when developed countries are having a declining population, most of which is becoming increasingly grey. The social security systems...
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...population and it wouldn’t surprise me if one out of every six person in the world is- an Indian. And if one ponders to the question- “what India is doing to stop it?” Then the answer is nothing but make the best use of it, or in other terms capitalising on its demographic advantage. The concern about the size of India’s population has been shown by the intelligent right from the beginning of the present century but active interest in the study of population became pronounced only with the launch of planning for economic and social development after independence. The First Five Year Plan, from the year 1951-56 duly recognized population as an important parameter which requires careful consideration i9n the planning of country’s development. It has been credited to the never-ending poverty, floating illiteracy and falling mortality rate. Though the overtly-populous country has been in the news continuously for a decade now, but it’s all for the right reasons, and especially for how it is taking on its economy to a higher level. India has more than 50% of its population under the age of 25, and around 65% of its population under the age of 35. With a whopping population growth rate, India will soon topple China, by the end of 2030. Since its Independence, India has grown almost three times in its population. The demographic developments in the BRICs over the next 10, 20, 30 years will vary greatly. This will impact not only economic growth prospects, but...
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...Capitalizing On India's Demographic Advantage India’s population for the year 2011 has been marked as 1.21 billion. A huge one when compared to the other countries, except China, for sure. It has around 17.31% of the total world population and it wouldn’t surprise me if one out of every six person in the world is- an Indian. And if one ponders to the question- “what India is doing to stop it?” Then the answer is nothing but make the best use of it, or in other terms capitalising on its demographic advantage. The concern about the size of India’s population has been shown by the intelligent right from the beginning of the present century but active interest in the study of population became pronounced only with the launch of planning for economic and social development after independence. The First Five Year Plan, from the year 1951-56 duly recognized population as an important parameter which requires careful consideration i9n the planning of country’s development. It has been credited to the never-ending poverty, floating illiteracy and falling mortality rate. Though the overtly-populous country has been in the news continuously for a decade now, but it’s all for the right reasons, and especially for how it is taking on its economy to a higher level. India has more than 50% of its population under the age of 25, and around 65% of its population under the age of 35. With a whopping population growth rate, India will soon topple China, by the end of 2030. ...
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...Demographic Dividend Opportunity or Threat In 1798, in his An Essay on the Principle of Population, Reverend Thomas Malthus posited that the human population growing at an exponential rate shall someday surpass the level sustainable by the arithmetically growing rate of food production. This statement, which forms the crux of Malthusianism, argued for greater birth control measures to keep population in check. The 19th century, though not without its problems of population related urbanization, didn’t see Malthus’ premonition come to fruition and his argument seemed to have been laid to rest, albeit for half a century when in the wake of unshackling of slavery’s yoke by very many nations in the post war world, it was resurrected by the aptly named neo-Malthusians, including the likes of Paul Ehlrich (the Population Bomb) and the Paddock Brothers (Famine 1975! America's Decision: Who Will Survive?) Influenced by Soviet ideas, India was the first country to have an official population control policy in 1951. While the numbers would say that the policy hasn’t been successful, India has a population of 1.25 billion, the country has, by serendipity or by plan, reached a stage where the potential of its large population and the structure of it has become an important weapon in the country’s growing economic arsenal. The Demographic dividend, as this weapon is popularly called, depends on the make-up of the population, particularly on the dependency ratio, which is...
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...Research Brief N AT I O N A L D E F E N S E R E S E A R C H I N S T I T U TE China and India The Asian Giants Are Heading Down Different Demographic Paths RAND ReseARch AReAs ChiLDREN AND FAMiLiES EDUCAtiON AND thE ARtS ENERgy AND ENviRONMENt hEALth AND hEALth CARE iNFRAStRUCtURE AND tRANSPORtAtiON iNtERNAtiONAL AFFAiRS LAW AND BUSiNESS NAtiONAL SECURity POPULAtiON AND AgiNg PUBLiC SAFEty SCiENCE AND tEChNOLOgy tERRORiSM AND hOMELAND SECURity C hina and India, the world’s most populous nations, have much in common: Each has more than 1 billion residents; each has sustained an annual gross domestic product (GDP) growth rate over the past decade that is among the world’s highest—9 percent for China and 7 percent for India; and each has been among the world’s most successful in weathering the storm of the recent global recession. Yet a closer look reveals stark demographic contrasts between the two nations that will become more pronounced in the coming decades. These differences hold implications for China’s and India’s relative economic prospects and point to sharply different challenges ahead for each nation to sustain and build on recent economic growth. Abstract Demographic contrasts between china and India will become more pronounced in the coming decades, and these differences hold implications for the countries’ relative economic prospects. china’s population is larger than India’s, but India’s population is expected to surpass china’s by 2025. chi...
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...Research Brief N AT I O N A L D E F E N S E R E S E A R C H I N S T I T U TE China and India The Asian Giants Are Heading Down Different Demographic Paths RAND ReseARch AReAs ChiLDREN AND FAMiLiES EDUCAtiON AND thE ARtS ENERgy AND ENviRONMENt hEALth AND hEALth CARE iNFRAStRUCtURE AND tRANSPORtAtiON iNtERNAtiONAL AFFAiRS LAW AND BUSiNESS NAtiONAL SECURity POPULAtiON AND AgiNg PUBLiC SAFEty SCiENCE AND tEChNOLOgy tERRORiSM AND hOMELAND SECURity C hina and India, the world’s most populous nations, have much in common: Each has more than 1 billion residents; each has sustained an annual gross domestic product (GDP) growth rate over the past decade that is among the world’s highest—9 percent for China and 7 percent for India; and each has been among the world’s most successful in weathering the storm of the recent global recession. Yet a closer look reveals stark demographic contrasts between the two nations that will become more pronounced in the coming decades. These differences hold implications for China’s and India’s relative economic prospects and point to sharply different challenges ahead for each nation to sustain and build on recent economic growth. Abstract Demographic contrasts between china and India will become more pronounced in the coming decades, and these differences hold implications for the countries’ relative economic prospects. china’s population is larger than India’s, but India’s population is expected to surpass china’s by 2025. chi...
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...I am ritz varghese from fy a&f | In the year 2004 India had a population of 1,080 million, of whom 672 million people were in the age-group 15 to 64 years. This is usually treated as the "working age population". Since outside of this age group very few people work, it is reasonable to think of the remainder, that is, 408 million people, as the "dependent population". A nation's "dependency ratio" is the ratio of the dependent population to the working-age population. In the case of India this turns out to be 0.6. On this score India does not look too different from many other developing countries. Bangladesh's dependency ratio is 0.7, Pakistan's 0.8, Brazil's 0.5. | Your views on this article | What is different about India is the prediction that it will see a sharp decline in this ratio over the next 30 years or so. This is what constitutes the demographic dividend for India. India's fertility rate - that is, the average number of children a woman expects to have in her life time - used to be 3.8 in 1990. This has fallen to 2.9 and is expected to fall further. Since women had high fertility earlier we now have a sizeable number of people in the age-group 0-15 years. Benefits of demography But since fertility is falling, some 10 or 15 years down the road, this bulge of young people would have moved into the working-age category. And, since, at that time, the relative number of children will be small (thanks to the lowered fertility), India's dependency ratio would...
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...Agreements North American Free Trade Agreement (NAFTA) lays out a plan to reshape the rules of trade among the United States, Canada, and Mexico. (Perreault, 2011). Legislation affecting business around the world has increased steadily over the years. The United States has many laws covering issues such as competition, fair trade practices, environmental protection, product safety, truth in advertising, consumer privacy, packaging and labeling, pricing, and other important areas. (Armstrong, 2011). Americans often make the mistake of comparing foreign labor practices with accepted American ideas and customs. Political and legal issues can cause social concerns since other countries operate in a manner that supports them internally, India for instance, abides by rules and laws that are not...
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...International Conference on Technology and Business Management March 28-30, 2011 India’s Demographic Dividend - Issues and Challenges Arun Ingle P B Suryawanshi inglearun@gmail.com pbsurya@gmail.com Pad. Dr. Vitthalrao Vikhe Patil Foundation’s Institute of Business Management and Rural Development, Ahmednagar 1. Introduction India is transforming demographically, in which the population of a nation slows down and life expectancy increases, participation of women in labor force and rate of saving increases. India has its own issues like illiteracy, income disparity, gap between haves and have-nots; etc. This study explores demographic dividend in case of India by studying issues and challenges, the policies to be implemented and lessons to be learned from countries like Japan, Ireland and Thailand. By 2025, India will have over 65% population under working class. This is a unique window of opportunity for deploying resources. This study explores the benefits to be realized and the policies to be implemented; now India is well poised for becoming a super economic power. As all developed nations will have older population by 2026, as their population is aging. It means if India can take the advantage of this situation, by proper deployment of resources, by converting the human potential in to engine of economic growth. This period of demographic dividend is an opportunity for overall growth; it’s not the guarantee for improving the standard of living. This window of opportunity...
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...in India and Implications for Economic Growth David E. Bloom January 2011 PGDA Working Paper No. 65 http://www.hsph.harvard.edu/pgda/working.htm The views expressed in this paper are those of the author(s) and not necessarily those of the Harvard Initiative for Global Health. The Program on the Global Demography of Aging receives funding from the National Institute on Aging, Grant No. 1 P30 AG024409-06. 1 Population Dynamics in India and Implications for Economic Growth1 David E. Bloom Harvard School of Public Health January 2011 Keywords: Age structure China-India comparison Conditional convergence Demographic dividend Demographic transition Economic growth Economic growth in India Policy reform Population health Population of India Abstract Demographic change in India is opening up new economic opportunities. As in many countries, declining infant and child mortality helped to spark lower fertility, effectively resulting in a temporary baby boom. As this cohort moves into working ages, India finds itself with a potentially higher share of workers as compared with dependents. If working-age people can be productively employed, India’s economic growth stands to accelerate. Theoretical and empirical literature on the effect of demographics on labor supply, savings, and economic growth underpins this effort to understand and forecast economic growth in India. Policy choices can potentiate India’s realization of economic benefits stemming from demographic change...
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...India, the second most populated country in the world is an extremely diverse, multi lingual and culturally pluralistic nation. It comprises of various religions, cultures, cultures within cultures and people from different strata of society living together. However, India has had an unstable colonial past and it is still growing and developing economically, socially, politically and culturally. Currently, it is faced with poverty, illiteracy, and infant mortality, underdevelopment, overpopulation and corruption. In spite of that, India is one of the world’s fastest growing economies and is finding its place on the Global stage. Demography plays a vital role in determining a country’s stand in terms of economic, social and cultural development. Currently, the major theme in Indian demography is its transition. In my paper, I will discuss India’s demography and analyze the various reasons for why it is such. I will also talk about the consequent implications the current demographic characteristics have on Indian society. India gained its independence from the British Empire on 15th August, 1947. What followed immediately after independence was the beginning of a tragic, violent and turbulent phase in India’s history. India was partitioned into two nation states – India and Pakistan. There were mass migrations, voluntary and involuntary, from one country to another. It was one of the largest migrations to be recorded in human history. An estimated 14.5 million people...
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...did the concept of LCC emerge in India? Which factors encouraged the growth of LCCs? * Tata Group; India’s prominent business house; launched Tata Airlines in 1930s. Over the next two decades, eight more private companies entered the field, entry was slightly restricted. * Flying was a dream for the middle class populace of India. Emergence Of LCC was mostly to target this middle class segment. * Air Corporations Act which was formulated in 1953 transformed the existing airlines into two nationalized entities: Indian Airlines Corporation (IA) for domestic services and Air India Corporation (AI) for international services. The Act restricted private players from operating across India * Progressively, Private sector was allowed to re-enter the market, beginning in the early 1990s during the first phase of economic liberalization in India. * By 1994, the government had approved six private carriers including Jet Airways, Air Sahara, Damania Airways, NEPC Airlines, Modiluft and East West Airlines to commence domestic operations. Only the two private carriers Jet Airways and Sahara Airlines had survived by the year 2003; but this duopoly was challenged by Air Deccan in the year 2003 by the introduction of the first ever LCC in India which was a turning point in the Indian Aviation Industry wherein the traditional economy and business fares were replaced by special discounts, promotional fares, and corporate discounts. * India, being one of the fastest growing...
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...The financial service industry plays very important role in the development of any country especially in country like India where service industry is contributing app. 48% of overall GDP And also financial sector is growing at the rate of 8.02% (according to SBI). By knowing such a huge importance of banking industry in India, it is very important to monitor and access new development in the industry. And one of the major development that happened in past decade was emergence of core banking which helps banks to move fast and provide better services to their customer. Due to core banking various new technologies came in to periphery of banking. These technology have change the definition of Banking. One of the major technology that is playing important role in last 5-7 years is Internet Banking services. Commercial banks across the region have invested hundreds of millions of rupees in developing required infrastructure as per the guideline of RBI for providing better experience to customer. Now with the help of net banking and other electronic banking services customer can access all banking services anywhere and anytime 24x7. This study is conducted to know How the customer especially youth reacting towards net banking services? Are they cashing the benefits? Why and Why not they are using it? What is Internet Banking? And what are the advantages and disadvantages of Internet Banking? Online banking (or Internet banking or E-banking) allows customers of a financial...
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