India must invest more in education, health to tap demographic dividend :IMF.
India must invest more in education, health to tap demographic dividend :IMF.
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | April 19, 2024
| Syllabus: GS-I; Subject: Geography Topic: Population and Migration, Issue: Demographic dividend. |
Context: International Monetary Fund(IMF) suggests heavy investment in education and health for India’s growing, young population.
Key Suggestions:
- To equip the labor force with the right skills to compete in the job market.
- Despite challenges like high youth unemployment, IMF projects a 6.8% growth rate for India’s economy in FY25.
- Concern: Growth is driven by public investment and private consumption, but crowding of private investment.
- Recent upticks in private investment and increasing consumption amid lower inflation offer positive signs for India’s economic future.
Leave a Reply
You must be logged in to post a comment.