Employment, Youth and Labour Market in India:

Abstract

The global youth population is rising, and India is expected to contribute nearly one-fifth of the incremental youth population over the next two decades. The relative 'greening' of India's population and workforce, which began in the late 1970s, is projected to add approximately 200 million working-age adults by 2040. This shift is likely to reduce the economic dependency ratio, boost savings and investment rates, and create opportunities for accelerated macroeconomic growth. This phase, occurring in the middle stage of demographic transition when the population pyramid expands in the center, is referred to as the Demographic Dividend. However, India's ability to fully capitalize on this opportunity depends on whether this expanding youth workforce can secure remunerative and productive employment.