There is a new urgency in India to create jobs for the rapidly growing number of young people set to enter the workforce in the next two decades.
India will account for 20 percent of the worldwide increase in the working-age population over the two decades from 2020. Projections from the World Bank show that between 2020 and 2040, India’s population aged 15 to 59 years is expected to increase by 134.6 million, while it could decline in China during the same period by about the same amount. That large number of potential workers is a big boon for India’s economic growth but it is also a challenge for policymakers — of creating new and decent job opportunities for the rising numbers of young people.
