Official data shows only 4.4% youth in workforce are formally trained and 16.6% informally; this is too low to aspire for “Viksit Bharat @2047” or $50 trillion economy by 2047
With youth constituting 82.9% of total unemployment, fertility rate below replacement level since 2021 and working-age population set to decline by 57% during 2031-41, demographic dividend is over
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
