India must invest more in education, health to tap demographic dividend :IMF.

Syllabus: GS-I; Subject: Geography Topic: Population and Migration, Issue: Demographic dividend.

Context: International Monetary Fund(IMF) suggests heavy investment in education and health for India’s growing, young population.

Key Suggestions:

  • To equip the labor force with the right skills to compete in the job market.
  • Despite challenges like high youth unemployment, IMF projects a 6.8% growth rate for India’s economy in FY25.
  • Concern: Growth is driven by public investment and private consumption, but crowding of private investment.
  • Recent upticks in private investment and increasing consumption amid lower inflation offer positive signs for India’s economic future.
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