Global South employment gap and the demographic dividend
Quick dive
- A World Bank warning cited in the editorial says about 1.2 billion young people in the Global South will reach working age over the coming decade.
- The same projection expects only about 400 million viable jobs, implying an opportunity gap of roughly 800 million.
- Automation and advanced industrial software are reducing manufacturing’s historical labour-absorption role in developing economies.
- India’s agrarian sector produced about 16% of GDP in FY24 while the country continues to face underemployment and low female labour-force participation.
- exam_relevance: converts the demographic-dividend idea into a precise jobs-versus-working-age projection and links it to premature deindustrialisation, labour participation and migration—recurring UPSC economy themes.
Full explanation
This explanation is available with full current-affairs access.
Log in to continue