In
the modern era, we see the rise of many subjects of discussion in the societies
we live, work and interact. But sometimes, we witness a specimen of subjects of
discussion that seem to increase exponentially, the foremost in this AIPPM
today being centred around the economic models that capitalize on
India's demographic dividend, unveiling a hotbed of controversies. With the
advent of these tensions, I seek to be diplomatic but firm in my overview over
the economic models that capitalize on Bharat’s demographic divide, along with
my decisions based on the topic to be discussed in this conference. I am here
to state my stance, expose the problem, and propose unique solutions to resolve
these tensions.
Let
us have a look at the topic in its entirety to begin with. This topic trifurcates
into the following sections:
· a) The Definition of the Demographic Dividend:
In the political history of Bharat there was and
will be a time period between a rise in the fertility rate and when it falls
down again. This period will then make the amount of people eligible for the
job market in a higher quantity and supply than the quantity of children and
the elderly. This gives Bharat an opportunity to reduce poverty and accelerate
economic growth. This period is popularly known as the demographic dividend.
· b) The crisis in the job market of Bharat:
Bharat boasts of a young working population,
excelled in a vast array of fields ranging from engineering to medicine to law.
More than half of Bharatians is below the age of 30. This young workforce could
propel India to even greater economic heights if there were enough jobs to give
them. Even though Bharat’s citizens are ready for a wide range of jobs, there
is not enough jobs that we have to give them. According to the Centre for
Monitoring Indian Economy, an economic think tank, the unemployment rate was
7.6% in March this year. About 45% of Bharatians under 25 are unemployed. Many
Indians rush to government jobs to find job security in their work and to not
get laid off. These government jobs are really hard to get and many people who
don’t get these jobs go through depression and some end up killing themselves. The
unemployment rate will be prone to acceleration due to AI causing the overthrow
of many jobs that exist today. Rising unemployment is one of the biggest
problems that we all face as politicians as an issue to fix in our respective
state of governance, in which we seek to solve in this conference.
· c) Economic models that capitalize on the demographic divide:
There has been a vast number of economic models
that have been issued by the Bharatian government capitalizing on the demographic
divide, including the economic model of the “Mixed Economy.” This aims to keep
Bharat on the fine line between capitalism and socialism. This will ensure that
a country can allow businesses to flourish in it keeping these businesses in
check and redistributing the tax obtained from these businesses into initiatives
for maintaining a nation’s infrastructure and offer public services such as
education, social welfare policies and health insurance.
After looking at the agenda on the whole, I will outlay some of the solutions that I seek to be implemented as an Amendment to the Constitution in the AIPPM:
· 1) Improving the
Human Capital: Employers can improve quality of human capital by investing in the
education and literacy of the human capital. We can do this by improving our
current education system. This will result in the further ability of our
current workforce, and it will promote other nations to look up to Bharat as a
model country to take able-bodied workers from.
· 2) Streamline
Regulatory Frameworks: There is an incurring need, as a nation, for us to
streamline regulatory frameworks. These legal mechanisms that exist on the national
level in our case need to be streamlined by planning and creating standard operating
procedures and understanding the regulatory industry and assessing the current
process.
In
conclusion, I as Shivraj Singh Chouhan stating that we will face skirmishes and
a whole lot of backlashes on the way to economic growth in Bharat, but we will get
to it together, by capitalising on the demographic dividend, the Bharatiya
Janata Party, and the whole of Bharat.
Bibliography:
1)
Explainer Video on
the Demographic Dividend: https://www.youtube.com/watch?v=5uJjhJg28To
2)
BBC looks at the
lives of Indian Job Aspirants in Uttar Pradesh: https://www.youtube.com/watch?v=SbJjnGiKF4g
3)
Data on Unemployment
in Bharat: https://www.reuters.com/world/india/unemployment-biggest-worry-india-worlds-fastest-growing-economy-2024-04-24/
4)
The Prospect of
Government Jobs for Indian Applicants: https://www.youtube.com/watch?v=20gLBCVaNOI
5)
A Mixed Economic
System: https://www.investopedia.com/terms/m/mixed-economic-system.asp#:~:text=A%20mixed%20economic%20system%20is,order%20to%20achieve%20social%20aims.
6)
Human Capital and
How to Improve it (In a Business Sense): https://www.investopedia.com/terms/h/humancapital.asp
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