Poor states to benefit from India's rising workforce: IMF
Agencies: New Delhi, Feb 27 2011, 15:48 IST
is projected to peak over the next two decades -- adding about two percentage points to the annual per capita income growth over the period," it noted.
One percentage point is 100 basis points.
"... the bulk of the remaining demographic transition will be concentrated in lagging states, thus raising the prospect of substantial income convergence among rich and poor states," the paper said.
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