The demographic dividend argument, which has gained increasing currency in recent years, goes as follows. Demographics are in India’s favour because the working age population is growing faster than the overall population. This expanding working age population will earn, and will save, thereby contributing to higher savings and higher investment, which will lead to higher growth.
I am particularly honored to be among so many esteemed risk-management practitioners and researchers, including bankers, consultants, academics, and fellow supervisors. I hope that my remarks will contribute to the collaborative spirit of this conference.