Majority of Indian population still remains poor despite 61 years of independence.Why?
Now consider India as a big family.with a population of 1,080 million (as per 2004 census), of whom 672 million people were in the age-group 15 to 64 years (considered to be "working age population"). Since outside of this age group very few people work, it is reasonable to think of the remainder, that is, 408 million people, as the "dependent population". A nation's "dependency ratio" is the ratio of the dependent population to the working-age population. In the case of India this turns out to be 0.6. On this score India does not look to ...more