3. All over the developed world, population is shrinking and
aging at a rapid pace.
It will cause a decline in the working-age ratio.
The economic growth has been affected in the last decade
and the prospects for the next two decades are bleak .
India will be one of the few countries in the world with a
working age population that exceeds its number of retirees
4. India is the second most populous country in the
world.
Approx population of India is 1.271 billion people
(2015), which is more than a sixth of the world's
population
India is projected to be the world’s most populous
country by 2025, surpassing China. It’s population
will reach 1.6 billion by 2050.
5. The population burden of the past turns into a
demographic dividend
India is a young nation.
Every third person in an Indian city today is a youth
India has more than 50% of its population below the
age of 25 and more than 65% below the age of 35.
Average age of India by 2020 is expected to be 29
years.
6. By 2020, India is set to become the world’s youngest country
with 64 per cent of its population in the working age group.
With 356 million 10-24 year-olds, India has the world's
largest youth population despite having a smaller population
than China.
China is second with 269 million young people, followed by
Indonesia (67 million), the US (65 million) and Pakistan (59
million), Nigeria with 57 million, Brazil with 51 million, and
Bangladesh with 48 million
7. Education is the most significant instrument of
individual self-realisation and democratic
empowerment
A sound basic education is a prerequisite to empower
each individual
Regional disparities in education mean the benefits
will not be evenly spread across the country.
India's ability to seize the opportunities will depend
on its efforts to address the key challenges plaguing
Indian education and vocational training.
8. The largest provider of skilled manpower in the world
Offers the world a variety of skills in terms of
languages spoken, technology education and
adaptability in disparate environments
India is the largest provider of engineers (more than
half a million annually) and English speaking
professionals in the world
India is the largest market for automobiles, high value
foods, mobile phones etc
The democratic dividend could add 2 percentage
points to per capita GDP growth per annum.
9. Indian policymakers should take a lesson from the growth
performance of the newly industrialized economies in Asia,
Rapid skill development to ready its growing population for the
marketplace for jobs
“India now will have to take a call whether we want to be a
manufacturing hub (e.g. like China) or service hub (e.g.
Singapore
The Make in India concept, to improve employability and
create employment awareness.
government has announced new policies as part of the 12th
five-year plan
10. The same teeming millions that once evoked images of
hungry, wailing children in the mid-Seventies, have
proved to be our biggest strength today in the form of
vibrant workers and consumers
Harnessing our mammoth manpower into a skilled
workforce—to enhance quality in the quantity. So that
we can be the best of the world.
With the right skills and training workers from India
will prosper not only at home but also abroad