Human Capital, The Force---Often underrated!!!

With the Population Demographic dividend, India as a country has a low average age of its workforce which is very clear from the below graph.

We should be fortunate for having such great resources at our hands and reap the benefits while it is there.

With the advances in medical science and an increase in life expectancy of an individual, this is just a short-lived luxury, just as any nonrenewable resource available to us at this moment.

In 70 years of our Independence the population which has been often painted as a bane for all problems, has also been seen as a huge market size in Capital economy perspective and the young population as a great Demand Factor to cash in for the Markets-Internal and External.

Sadly, we haven’t been able to tap the potentials of it for such a long time given the similarity in the timeline of Independence amongst our other Asian counterparts- China, North Korea, Malaysia, Philippines, Indonesia and others.

Economic growth in these countries has surpassed ours and they compete with one another to become greater market hubs for manufacturing goods and services, owing to qualities that are no different from our labour force.

Then the question arises, why did we lag behind?

To which only one thing comes to my mind, that is our lack of pragmatic policymaking, which has been disconnected with the realities in the ground, failure to gauge aspirations of people, faulty and propaganda-driven education system, lack of opportunities resulting in brain drain, corruption en-masse leading to frustrating loss of qualitative value and increase in the cost of services and capital, and above all lack of leadership.

We could definitely be at the top of our problems only if, we focus on nation-building, and it has to start with every citizen at his/her individual level; since we haven’t had a leader till now, or haven’t allowed ourselves a leader, to lead, we need to take it upon ourselves to pave the road of development for ourselves. But, how do we do that? In the micro sense, we do it just as we do anything when it comes to the interests of our own family. Be vigilant and informed about the policymaking by the Government, it affects our lives and livelihood, say no to corruption, educate and spread awareness to the underprivileged, build self-help groups  to help each other, make the development of the Nation a Mass Movement, unlike the other causes which are becoming one.

Jai Bharat!!! Vande Mataram!!!