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Dream Guys of Demographic Dividend and Their Economic Preferences

Mamta Manshani, P.K. Chopra
DOI: http://dx.doi.org/10.21013/jmss.v6.n2.p16
Abstract

India is the nation of Young people with lots of dream and aspirations. If they have the skills, right education, health and real choices in life than they are the one who drives the nation towards prosperity. The economic and social progress of the country mainly depends on its young people.

By 2020, India is set to become the world’s youngest country with 64 per cent of its population in the working age group. With the West, Japan and even China aging, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant 2 per cent to the GDP growth rate. Demographic dividend occurs when the proportion of independent people in the total population is larger than dependent people because this indicates that more people have the potential to be productive and contribute to growth of the economy.

This paper aims to find out and study personality and economic preferences of youth of India which is likely to benefit from demographic dividend.

Keywords
Demographic Dividend; Young India; Economic preferences
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