"India is experiencing democratic dividend & trend will continue for long period"

economictimes.indiatimes.com:

India is experiencing a demographic dividend and will continue to do so for a long time, according to Dr Ajit Ranade, Vice Chancellor, Gokhale Institute for Politics and Economics, Pune

He was speaking at the 5th CUTS 40th Anniversary Event held in the Symbiosis School of Economics in Pune on Monday. The event was titled ‘What Would it Take India to Realise its Potential Growth?’

As the Chair of the event, Dr Vijay Kelkar emphasised on the idea that India needs to adopt a universal approach and not just a narrow outlook on the economic front.

There should be openness to competition and global markets for the economy to achieve its potential growth.

Delivering the welcome remarks Dr Jyoti Chandiramani, Dean of Symbiosis School of Economics painted the macro picture of the Indian economy and provided an optimistic view for high potential growth. She further set forth the floor for discussion by raising some crucial questions on the type of consumption (whether frugal, or productive), and the existing divergence in the economy.

Dr Ranade spoke about the high growth potential of India and the imperative of such growth to be high, sustainable and inclusive economic growth.

One interesting fact stated by him was that while there is 1% aggregate population growth in India, there is 2% growth in the working force. This symbolically represents that India is experiencing a demographic dividend and will continue to do so for a long time.

The necessity is to capture the untapped potential through well implemented policies.