It’s a universal truth that youth are the most productive individuals to support the holistic development of any country. As they are dynamic and energetic, they are the most potential human resource to tap across the sectors for diverse purposes. Being the fastest developing economy, India has its demographic advantage in its favor where a significant number of the population falls in the youth category.
Based on their quality hours dedicated to receiving a standard education, real-time work experience, and exposure to new avenues of success blend with good health and adequate knowledge of the protection of their rights in the work environment, this demographic advantage can witness promising inventors, leaders, and innovators shaping the bright future of the country while boosting the economy as well as social growth of the country.
India is one of the youngest nations in the world which shows a rapid growth rate in 2023. It has a median age of less than 29 years and its dependency ratio is estimated to be around 31.2% by the year-end of 2030. Around 55% of its total citizens are below 25 years of age and people aged between 15 to 60 years constitute 60% forming the skilled workforce which will become 68.9% by 2030 accountable for the nation’s socio-economic growth.
The country strikes a debate on youth productivity with long working hours to support its continuous growth landscape as Japan and Germany in the post-World War II phase to counter the dominance of China in the present global supply chain across the sectors. The productivity of the youth is dependent on the opportunities available for them regarding skilling, entrepreneurship, sports, community engagement, participation in politics as well and governance to promote the social and political values of the largest democracy in the world.
To meet the US$ 5 trillion target within the next 5 years, the country needs to overcome societal issues like poverty, illiteracy, and unemployment along with skilling opportunities. Youth power is the fuel behind economic growth. Thus, it’s very crucial to develop national-level policies that can nurture high-level productivity in youths to make them a valuable asset for the country.