Topic Details (Notes format)

Demographic Dividend and Labor Force

Subject: Economics

Book: Comprehensive Indian Economy

India’s demographic advantage arises from a high proportion of working-age population. This can power economic growth if harnessed with quality education, skill upgradation, and productive jobs. However, lack of skill alignment, outdated curricula, and slow growth in labor-intensive sectors may squander this potential. Government programs emphasize vocational training, entrepreneurship, and bridging skill gaps. Exam prep includes debates on automation threats, labor reforms to spur formal employment, and the potential for services and manufacturing to absorb large youth cohorts. Policies that ensure women’s workforce participation can further strengthen this dividend.

Practice Questions

Which economic concept is described as “the next best alternative foregone”?

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What does “primary sector” of the economy include?

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What is the main purpose of monetary policy?

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What is meant by “monetary policy”?

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Which of the following causes demand-pull inflation?

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Which of the following is NOT a component of Aggregate Demand?

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What is meant by “structural unemployment”?

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What is the meaning of “dumping” in international trade?

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What is a “repo rate”?

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What is meant by “crowding out” in economics?

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