One of the biggest challenges that India faces is job creation. Unlike an ageing population in China, Europe and the US, India has a young population, with nearly 500 million people below the age of 30. Twelve million more people will join the labour force every year for the next decade. India’s labour force will soon overtake China as the world’s largest workforce. Changing demographics have increased the importance of faster economic and job creation.
A young labour force can be a powerful contributor to economic growth. It can divert resources from spending on children to investing in physical
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
