Evaluating the Amrit Kaal strategy in a demographic context

How does the government’s “Amrit Kaal” strategy look in the context of India’s ongoing demographic evolution? Here are five charts that explain this in detail.

This year’s Budget, like the previous year’s, has stuck to the narrative of a larger economic strategy to boost India’s fortunes in 2047 – when India completes 100 years of its independence. This narrative has been used to justify the government’s focus on capital spending. Most credible forecasters do not deal with a period longer than five years, which is understandable given the uncertainties involved in predicting long-term economic outcomes. However, what is almost a given for large developing economies such as India is its demographic composition, which determines the supply of labour, making it one of the most, if not the most crucial input for economic growth. How does the government’s “Amrit Kaal” strategy look in the context of India’s ongoing demographic evolution? Here are five charts that explain this in detail.

Prime Minister Narendra Modi.

However, the dependency ratio of the population will be much higher in 2047

It is here that the current quality of jobs is extremely concerning

Future growth strategy will also need to account for state-wise demographic trends

Smart infrastructure does not mean smart workers