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India's #10YearChallenge - Workforce
Jan 22, 2019

Like China, if India were to take the #10YearChallenge by 2029, one of the most visible changes would be in the size of the workforce.

And that could have a direct impact on what is called dependency ratio. Let me explain.

The rise in India's working population means India will have a much bigger population in the working age than kids and retirees. So, the country will have fewer dependents and a low dependency ratio.

In fact, India will be one of the countries with the lowest dependency ratio by 2050. The ratio of dependents by then should be just over 47% (5 dependents for every 10 people in working age).

While China should see its population fall in the coming decades, India projects to be the most populous country in 2050 by a long shot. By that time, India will have up to 1.7 billion people.

The low dependency ratio also means that a larger section of the population will have the ability and willingness to spend.

That means that India's consumption story is here to stay.

Data source: World Bank

This Chart Of The Day was published in The 5 Minute WrapUp - Take Your First Step to Profit from the Rebirth of India

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