Concept:The economic growth potential from a shift in age structure, when the working-age population (15-64) is larger than the non-working-age share.
Explanation:Definition: The United Nations Population Fund (UNFPA) defines demographic dividend as the economic growth potential arising from changes in a population's age structure.
It occurs when the proportion of working-age people (typically 15 to 64 years) exceeds the proportion of dependents (children 0-14 and elderly 65+).
A larger workforce can boost productivity and savings, leading to faster economic growth.
India has one of the youngest populations globally. By 2020, India's median age was only 28, compared to 37 in China and the USA, 45 in Western Europe, and 49 in Japan.
According to the Economic Survey 2018-19, India's demographic dividend is expected to peak around 2041, when the working-age group (20-59 years) will reach 59% of the population. The broader 15-59 age group is projected to hit 65% in 2036.
Answer:A rise in the rate of economic growth due to a higher share of working-age people in a population (Option A).