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Human capital potential of India’s future workforce

dc.contributor.authorAli Mehdi
dc.contributor.authorDivya Chaudhry
dc.description.abstractIndian policymakers – like most of their counterparts across the developing and developed world – have been concerned with the employability of their working-age populations in particular, for obvious economic and sociopolitical reasons. However, such concern has been largely missing as far as the future workforce is concerned. This paper discusses India’s demographic dynamics and argues that policymakers have the widest window of opportunity with that segment of population which is poised to enter the workforce between 2030 and 2050 – those in their infancy today and the following decades. They should realize that our employability crisis (as well as to some degree, inequality in the economic and human development sphere) has its roots, inter alia, in the country’s grossly inadequate, inefficient and inequitable early health and education systems. Early childhood interventions hold immense importance in fostering the employability potential of the future workforce, especially in developing countries that are still a few decades away from their peak demographic opportunity. Since early health has not received the attention it deserves within the human capital framework, we highlight pathways through which it potentially impacts not just health and productivity, but learning outcomes as well as cognitive and non-cognitive skill development during formative years. Another neglected area that we have discussed is soft skill development and the role of preprimary education. In conclusion, India will have to focus, inter alia, on early health and preschooling (soft skill development) to reap its demographic dividend in a manner that is commensurate with the demands of a knowledge economy.
dc.publisherIndian Council for Research on International Economic Relations
dc.titleHuman capital potential of India’s future workforce
dc.typeWorking Papers
dc.subject.expertDevelopment Planning
dc.subject.expertDevelopment Research
dc.subject.expertTechnology Development
dc.subject.expertAid And Development
dc.subject.expertAsian Development Bank
dc.subject.expertComprehensive Development Framework
dc.subject.expertDevelopment Cooperation
dc.subject.expertDevelopment Management
dc.subject.expertDevelopment Planning
dc.subject.expertDevelopment Strategies
dc.subject.expertDevelopment Research
dc.subject.expertGreen revolution
dc.subject.expertEmploymentGlobal Development Learning Network
dc.subject.expertGlobalization And Development
dc.subject.expertInternational Development Strategy
dc.subject.expertPolicy Development
dc.subject.expertHuman Capital Development
dc.subject.expertHuman Development
dc.subject.expertHuman Resources Development
dc.subject.expertSkills Development
dc.subject.expertManagement Development
dc.subject.expertVocational Education
dc.subject.adbDevelopment strategy
dc.subject.adbDevelopment models
dc.subject.adbEconomic development
dc.subject.adbNew technology
dc.subject.adbRural planning
dc.subject.adbAid coordination
dc.subject.adbCurriculum development
dc.subject.adbEducational aid
dc.subject.adbEconomic development
dc.subject.adbIndustrial projects
dc.subject.adbCareer development
dc.subject.adbVocational education
dc.subject.adbVocational training
dc.subject.adbTechnological institutes
dc.subject.adbJob searching
dc.subject.adbLabor market
dc.subject.adbWork experience programs
dc.subject.adbAbsorptive capacity
dc.subject.adbInfrastructure projects
dc.subject.naturalGreen technology
dc.subject.naturalRural planning
dc.subject.naturalRegional development bank
dc.subject.naturalProject finance
dc.subject.naturalStrategic planning
dc.subject.naturalBusiness planning
dc.subject.naturalHuman rights and globalization
dc.subject.naturalOccupational training
dc.subject.naturalTechnological innovation
dc.subject.naturalLabor and globalization
dc.subject.naturalManpower policy
dc.subject.naturalLabor policy
dc.subject.naturalRural manpower policy
dc.subject.naturalCareer academies
dc.subject.naturalProfessional education
dc.subject.naturalInequality of Income
dc.title.seriesICRIER Working Papers
dc.title.volumeNo. 308
dc.contributor.imprintIndian Council for Research on International Economic Relations
oar.adminregionSouth Asia Region
oar.authorMehdi, Ali
oar.authorChaudhry, Divya

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