India is regarded as a country with “Demographic Divident”. This is due to

India is considered to have a "Demographic Dividend" because of its high proportion of population in the working-age group, typically defined as 15-64 years [4]. This phenomenon occurs when the share of the working-age population is larger than the dependent population (those under 15 and over 64), leading to a lower dependency ratio [1]. This shift in age structure creates a "demographic window" of opportunity that can accelerate economic growth through increased labor supply, savings, and human capital formation [5]. While Indian national statistics sometimes use the 15-59 age bracket, international standards and the United Nations define the working-age population as 15-64 years [3]. India's demographic dividend is expected to peak around 2041, providing a significant competitive advantage in global human resources and consumption power [2].

Sources

1. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 19: Population and Demographic Dividend > Challenges Related to Demographic Dividend > p. 573
2. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 19: Population and Demographic Dividend > DEMOGRAPHIC DIVIDEND > p. 572
3. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 19: Population and Demographic Dividend > MEASURES TO CHECK POPULATION EXPLOSION > p. 564
4. [5] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 8: Inclusive growth and issues > Recent demographic trends > p. 259
5. [3] https://frontline.thehindu.com/economy/india-demographic-dividend-unemployment-crisis-agriculture/article69873237.ece