Friday, February 17, 2017

What about demographic liability

"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time"
—Thomas A. Edison (American, 1847-1931)
Word for the day
Sine die (Adv)
Without fixing a day for future action or meeting, e.g., The assembly adjourned sine die.
Malice towards none
ISRO launched 104 birds in the space. A record of sorts.
I wonder, do we already have a traffic protocol for outer space!
At this pace, the traffic there could be as bad as Chandni Chowk, in a few years.
First random thought this morning
A record 27 Us Congressmen are scheduled to visit India from February 25.
It could be anything, but is certainly not a sign of hostility towards India.
The statement of foreign secretary, after a second extension of term, that president Trump needs to be better understood, clearly points to deepening and strengthening ties.
Anyone who is worried about disastrous impact of Trump Sarkar on Indian business interests should better wait and watch for few more months, at the least.

What about demographic liability

"India’s share of working age to non-working age population will peak later and at a lower level than that for other countries but last longer. The peak of the growth boost due to the demographic dividend is fast approaching, with peninsular states peaking soon and the hinterland states peaking much later." — The Economic Survey 2016-17
Millions of reams have been used to write and publish about the demographic characteristics of India. Many stories, themes and strategies have been built around the young demographic profile of 1.25bn Indians.
Almost all these stories and strategies recognize the young Indian as a great opportunity - "Demographic dividend" for the Indian economy. Of course few of them have words of caution also. Failure to channelize this vast reservoir of energy into productive streams may not only dissipate the demographic dividend but also prove to be counterproductive in terms of widespread civil unrest and violent disruptions.
I have however not come across any presentation that classifies this demographic profile as the solemn accountability and responsibility of India to the world. Considering that the global community has always valued the resource rich nations and expected them to behave in a responsible manner to preserve the global order.
The capital rich western world has been expected to help the poor and starved of the world. The world looked forward to them to fund technological advancement, preservation of cultural heritage, assisting global growth and development. Even after taking full cognizance of the allegations of imperialism and suppression, I believe that financially rich communities have worked for the betterment of human life by funding technological innovation, life science research & development, productivity enhancement, and development assistance to the economically lagging world. Similarly, nations rich in natural resources like minerals etc. have been expected to prospect and exploit these resources in optimum manner to assist the sustenance and growth of the global economy.
My point is that now since India possesses the largest pool of prospective workers for the world, should it not be responsibility of Indian government to prospect, grow, and develop this resource for the larger benefit of the global community.
This is even more pertinent in the context of the current global financial crisis. In places like Europe and Japan the root cause of the crisis could be traced to the aging demographic profile. China is also like to join the club in a decade or so. Under the circumstances it is the responsibility of India to provide educated, skilled and trained workforce to the global economy.
A number of research papers and surveys have shown that (a) Child and mother nutrition level in India is sub-standard consequently child mortality rates are poor; (b) higher and professional education standards are extremely poor consequently a large number of Indian graduates are unemployable even in routine jobs; (c) There is acute shortage of competent scientists to scale up research and development (R&T) activities to make Indian businesses competitive at global stage....to continue

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