Report Indicates Agriculture Leads in Employment Creation

A recent report indicates that the country is approaching the peak of its demographic dividend, a phase characterized by a higher proportion of the working-age population relative to dependents. This demographic advantage is expected to begin diminishing post-2030, as the working-age population is projected to decline.

The concept of the demographic dividend refers to the economic growth potential that can result from shifts in a populations age structure, particularly when the proportion of working-age individuals is large relative to the non-working-age population. This phenomenon can lead to increased economic productivity if there are sufficient jobs available and supportive policies in place.

Demographic experts suggest that countries experiencing a demographic dividend should capitalize on this window by investing in education, healthcare, and job creation. As the country prepares for this transition, policymakers are urged to implement strategies that support an aging population and foster sustainable economic growth to mitigate future challenges associated with a shrinking workforce.