India enjoys a demographic dividend where more than 60 per cent of its population is in the working age group. The youth bulge presents an opportunity for India to enhance its growth and also supply skilled manpower to the rest of the world.
According to the World Bank Report, India’s working age population will be more than the dependent population for at least three decades till 2040.
Challenges
Government Initiative
Government of India in order to boost skill ecosystem in India launched National Skill Development Mission. Key focus areas of the mission include: