8. India- Human Resources
India's 1.4 billion people are its most valuable resource, representing a significant human capital asset. Key population characteristics and workforce distributions highlight the unique challenges faced by the country, as well as the opportunities for growth through skill development and sectoral shifts in the economy. The chapter outlines the intersection of demographic trends, educational initiatives, and economic potential within the context of India being the world's most populous nation.
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4.3Case Study: Kerala's Human Development
This section explores Kerala's remarkable human development progress,...
What we have learnt
- India has a youthful population, which represents a demographic dividend with the potential for economic growth.
- The movement from agriculture to services demonstrates a significant sectoral shift in employment distribution.
- Despite growth, disparities and inequalities remain evident, highlighting the importance of policy focus on education and skill development.
Key Concepts
- -- Demographic Dividend
- The economic benefit arising from a significant increase in the proportion of people in the working-age group within a population.
- -- Skill India Mission
- An initiative aimed at equipping individuals with skills required for employment, particularly to address the high levels of unemployment and skill gaps.
- -- Kerala Model
- A development model characterized by high social development indicators like literacy and health, coupled with a moderate income level.
- -- Brain Drain
- The emigration of highly trained or qualified individuals from a particular country, often leading to a shortage of skilled workforce in their home country.
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