Next two decades belong to India, if we can tap its abundant human capital by getting education right

December 3, 2019

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December 3, 2019

With an average age of 29 years, India will be the world’s youngest nation in 2020. As per Economic Survey 2018-19, the share of working age population will increase from 50.5% in 2011 to 59% in 2041, thereby adding about 14 crore to the workforce in 20 years.

The big, bold “national” reforms like GST, Digital India, IBC, etc have resulted in India’s ranking in Ease of Doing Business improve by 79 places to 63rd in 2019, a record for a major economy. However, development of Indian youth is holding us back when it comes to India’s ranking on UNDP’s Human Development Index (HDI) or WEF’s Global Competitiveness Index.

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