INDIA; THE MOST POPULOUS COUNTRY
India has just become the most populous country in the world, surpassing China.
India's population is now nearly 1.43 billion. India will have the largest working-age
population in the world. The prolem is that not all our working-age people are in fact
workers. Women are woefully undererepresented in the labor force with just 19 percent
of them in jobs. Last year, 12.5 million Indians applied for just 35,000 rail jobs. The
problem is that our young people are undereducated. A boom in dubious, fly-by-night
colleges has produced a generation saddled with "worthless degrees" that confer
"limited or no skills." With skilled workers making up 24 percent of the labor force in
China and "paltry 3 percent" here, "the demographic dividend isn't as achievable as it
seems.
( from 'The Week' May 5, 2023)
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