Correct Option (C)
Both inferences 1 and 2 can be drawn from the passage.
Regarding Inference 1: Demographic dividend is an essential condition for a country to rapidly increase its economic growth rate.
- The passage identifies the demographic dividend as a "great window of opportunity" and explicitly states it "can be a source of energy and an engine of economic growth."
- It further indicates that this phenomenon "should help elevate our growth rate."
- While the passage does not assert it as the sole condition, it strongly positions the demographic dividend as a crucial and fundamental factor for achieving accelerated economic growth, thereby implying its essentiality in leveraging this demographic shift for development.
Regarding Inference 2: Promotion of higher education is an essential condition for a country for its rapid economic growth.
- The passage directly states, "the benefits of demographic dividend depend on the quality of the working age population."
- It further clarifies that this "implies bringing back the importance of education, acquisition of skills and human capital."
- Since the demographic dividend is presented as a driver of economic growth, and its full benefits are contingent upon the quality of the workforce (which is enhanced through education and skill development, including higher education as a component of human capital), the promotion of education is an essential prerequisite for a country to achieve rapid economic growth by harnessing this demographic advantage.
Incorrect Options:
Options (A), (B), and (D) are incorrect because, as detailed above, both inferences 1 and 2 are supported by the textual evidence provided in the passage.