Roadmap for Answer Writing 1. Introduction Briefly introduce the concept of population explosion, highlighting its growing concern globally, especially in countries like India. State the question: Is development the most effective solution to address population explosion? Mention the complexity of the issue and ...
Model Answer India is projected to witness a significant demographic shift by 2050, with around 20% of its population expected to be over 60 years old. This aging population presents both challenges and opportunities, particularly in terms of the concept of the 'Silver Dividend.' With the elderly poRead more
Model Answer
India is projected to witness a significant demographic shift by 2050, with around 20% of its population expected to be over 60 years old. This aging population presents both challenges and opportunities, particularly in terms of the concept of the ‘Silver Dividend.’ With the elderly population set to rise from 153 million to 347 million, India must act now to harness the potential economic benefits that come with this demographic transition.
1. Economic Growth and Increased Savings
One of the primary benefits of the ‘Silver Dividend’ is the potential for economic growth. Studies suggest that tapping into the untapped working capacity of older adults could increase India’s GDP growth rate by 1.5%. Older individuals bring valuable skills and experience, contributing to sectors like education, healthcare, and customer services. Moreover, longer life expectancy leads to increased savings, which can result in greater capital accumulation, providing more resources for investment in the economyfsetting Labor Shortage
Population aging poses a risk of labor shortages, which could hamper economic progress. However, research indicates that increasing the labor force participation rate among older people can help offset this issue. Older adults, if provided the right opportunities, can continue contributing meaningfully to the workforce .
2. Maximize Silver Dividend
- Specialized Healthcare: India’s healthcare system must evolve to address the needs of its aging population. Expanding coverage of the PM Jan Aarogya Yojana and investing in preventive healthcare will ensure that older adults stay healthy and active .
- Promotlver Economy: Developing products tailored for the elderly, such as insurance, pensions, and financial services, can provide capital for investment, fostering economic growth .
- Tailored Training : Providing digital training to older adults will enable them to navigate the modern job market, ensuring they remain employable and engaged.
- Legal Reforms: Strengthenintenance and Welfare of Parents and Senior Citizens Act, 2007, to protect elderly rights will ensure they are supported both financially and emotionally.
Conclusion
In conclusion, India must begin implementmeasures to effectively tap into the ‘Silver Dividend’ and maximize its economic and social potential in the coming decades.
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Model Answer Introduction The global population is expected to reach 9.7 billion by 2050, with India now the most populous country in the world. Population explosion refers to the rapid increase in the human population, presenting challenges like resource depletion, environmental damage, and socioecRead more
Model Answer
Introduction
The global population is expected to reach 9.7 billion by 2050, with India now the most populous country in the world. Population explosion refers to the rapid increase in the human population, presenting challenges like resource depletion, environmental damage, and socioeconomic disparities. A common argument is whether development is the best solution to manage this issue.
Body
Development as a Solution
Limitations of Development
Conclusion
While development can play a significant role in curbing population explosion, it has limitations. A multifaceted approach addressing social equity, women’s empowerment, reproductive health, and sustainable development is essential for effectively managing population growth.
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