Indian Economy
Once again the Indian economy will dominate the world. Once again India will be called the ‘golden bird’. India’s demography will play a big role in the development of the country in the coming years. By 2045, the number of working people in the country will increase by 17.9 crores. This information has been given in a report. At present, the number of working people in India is 96.1 crores and the unemployment rate is at a five-year low. Global investment firm Jefferies said that the number of working people in India (aged 25 to 64 years) is increasing and a large part of the total population is positive about savings and investments. These changes will make India a developed nation.
The number of working people will increase by 2030
The report said that the number of women working in India is increasing, which is an important reason for the increase in the labor force. In a recent note by Jefferies, it has been said that the slowdown in the increase in the number of working people will start from 2030. According to data released by the Ministry of Statistics in August, the labor force participation rate (LFPR) in India among people aged 15 years and above has increased to 50.1 percent in April-June from 48.8 percent in April-June 2023, which shows that employment is increasing in the country.
Increasing share of working women
The LFPR rate among women aged 15 years and above has increased to 25.2 percent in the period April to June this year, from 23.2 percent in the same period of 2023. According to RBI data, about 17 crore people have got jobs in the country in the last ten years. 64.33 crore people had employment in the country in 2023-24. This figure was 47.15 crore in 2014-15.
Why will India become a shining star?
Economists say that India is currently developing at the fastest pace in the world. India is a young country, where there is no shortage of workforce. The share of working women is also increasing. The large population of the country makes it a big market. That is why companies from all over the world are increasing investment in India. India is a new ray of hope for the world. These reasons will help in accelerating the pace of India’s development and making it a developed nation. India’s demography is also helping in this. There is no doubt that in the coming times, India will once again become a shining star in the world.
Input: IANS
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