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Demographic dividend data - RBI
May 1 , 2024
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- To harness the full potential of its demographic dividend, the Indian economy must grow at 8-10% annually over the next decade.
- The working-age population is set to expand at the rate of about 9.7 million per annum during 2021-31 and 4.2 million per annum during 2031-41.
- India can achieve a growth rate of 10% in the next decade and become the second-largest economy by 2032 and the largest by 2050.
- In the past 10 years, the average annual real GDP growth in India has been less than 6%.
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