Vol. 3, Issue 3 (2016)
Evaluating the impact of demographic transition on economic growth of India
Author(s): Delnaz M. Jokhi, Dr. Hemal Pandya
Abstract: Demographic Transition refers to the nearly pervasive change countries go through from a regime of high fertility and high mortality to one of low fertility and low mortality. Since in this phenomenon death rates declining first followed by the birth rates later, countries like India often experience a transitional period of rapid population growth. As a consequence of baby boom, reduction in infant and child mortality rates, increase in access to better medical aid, improvement in hygiene and better education; the age structure of a country is transformed which reflects the demographic transition. India is the second most populous country of the world, 1210.6 million according to 2011 census and its population is increasing continuously; of the total population, the Active Asset/economically productive age group of 15-59 years constitute of 729.9 million people that is 60.3 percentage of the whole population.1 On the other hand the 60+ age people constitute only 8.6 percentage of the population.2 Thus India is experiencing her “first demographic dividend”. This paper is an attempt to study the impact of demographic transition on economic growth of India. This research paper evaluates this impact by comparing the over all, pre and post liberalisation scenario of the economy with respect to the demographic transition from the year 1961-2015. This research paper thus, tries to reveal the contribution of the demographic dividend on economic growth.