Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 19 November 2019

Abstract and Keywords

This article looks at the consequences of India's demographic transition—higher population growth and transforming age structure—and its impact on growth. In a comparison group comprising select East Asian economies, approximately 2% of their growth in income per capita (over 1975–2005)—roughly one-third of the supposed miracle—can be attributed to demographic change. Counterfactual experiments based on low and medium fertility rates for India imply a sizeable demographic dividend—roughly to the order of an additional percentage point or more annually to per capita income growth (projecting forward to 2050). The key policy question is whether health and education allocations (at all levels) by the government will grow in tandem to transform India's youth advantage into productive employment.

Keywords: population dynamics, economic growth, demographic transition, per capita income, education allocations, productive employment

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.