Distinguish between commerce and industry.

1. What is the demographic dividend, and why is it significant for India? The demographic dividend refers to a phase when a country’s working-age population (15–64 years) is larger than its dependent population (children and elderly). This is significant for India because it offers a unique opportunity for economic growth, as a larger portion of the population can contribute to the economy, leading to higher savings, investment, and accelerated development. To fully benefit from this dividend, strategic investments in education, healthcare, and employment are necessary.

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