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 However, lack of skill alignment, outdated curricula, and slow growth in labor-intensive sectors may squander this potential.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

What does the “Human Development Index” measure?

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What does the “Phillips Curve” show?

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What is the term for the price at which demand and supply in a market are equal?

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Which of the following is an example of a capital receipt for the government?

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What is “fiscal stimulus”?

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What is the primary goal of a progressive tax system?

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Which of the following is NOT part of the World Bank Group?

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What is the meaning of "fiscal deficit"?

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Which of the following is NOT an example of an indirect tax?

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What is “open market operations” (OMO)?

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