India is on the edge of a demographic revolution with rapidly rising working-age population. For first time in this study, we investigate role population per capita small savings post offices and banks net socio-economic characteristics using state-level panel data compiled from multiple sources for period 2001-2018. Our comprehensive econometric assessment robustness checks provide three key f...

In this paper, we assess the economic benefits of demographic changes in India by employing econometric models and robustness checks based on panel data gathered over a period more than three decades. Our analysis highlights four key points. First, contribution India’s dividend is estimated to be around 1.9 percentage points out 12% average annual growth rate per capita income during 1981–2015....