Question

What are the two negative impacts of the high percentage of the non-working population on the Indian economy?

Answer 1

1. Low Economic Progress: A large non-working population, especially those who are unemployed or underemployed, leads to reduced productivity. This results in a higher incidence of poverty and a lower standard of living, as fewer people are contributing to the economy through active employment.
2. Poor Social Welfare: A high percentage of dependents, such as children and elderly individuals, places a significant burden on the working-age population. This increases the strain on social welfare programs like healthcare, education, and pensions, limiting the government's ability to invest in other areas that could stimulate economic growth.