Consider the following statements regarding India's demographic dividend and employment:

1. The total dependency ratio in India decreased from 64.6% in 2011 to 55.7% in 2021, with a projected further decline to 54.3% by 2026.
2. Around 26% of India’s population is in the age group of 10-24 years, contributing to the demographic advantage.
3. The declining dependency ratio is primarily due to the increasing child dependency ratio and falling fertility rates.

How many of the above statements are correct?

The correct answer is All three

Key Points

• India is benefitting from a demographic dividend due to its growing working-age population and declining dependency ratios. These factors are contributing to India’s economic growth and job creation potential.
• The dependency ratio has declined from 64.6% to 55.7% and is projected to fall further. Hence statement 1 is correct
• 26% of India’s population is indeed in the 10-24 age group. Hence statement 2 is correct
• The declining dependency ratio is largely due to declining fertility rates and lower child dependency. Hence statement 3 is correct