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India enters demographic dividend phase

In a favourable development for the country, since 2018, the growth in India’s working age population (people between 15 and 64 years of age) is outnumbering the growth in its dependant population. Children aged 14 or below as well as people aged above 65 years fall under the latter category. This surge in the working-age population is expected to last for a total spell of 37 years, until 2055. According to famous population studies, such a phase is usually accompanied by a rapid economic growth and is the result of changes in Total Fertility Rate. Several countries like China, Japan and South Korea have been able to use this phase to their advantage.