Fri Jan 31 23:58:26 UTC 2025: ## India Boasts World’s Largest Youth Workforce, Poised for Economic Boom
**New Delhi, [Date]** – India’s Economic Survey 2024-25 has revealed that the country possesses the world’s largest youth workforce, a demographic dividend that could propel India to become the world’s third-largest economy by 2030, surpassing the UK and potentially closing in on the US and China.
Finance Minister Nirmala Sitharaman highlighted India’s remarkable economic journey, rising from the world’s tenth-largest economy in 2014 to the fourth-largest today, surpassing the UK. The survey attributes this growth, in part, to the country’s young population, with a median age of 28, significantly younger than many developed nations grappling with aging populations and shrinking workforces. A substantial 26% of India’s population falls within the 10-14 age bracket, representing a burgeoning workforce poised to contribute significantly to economic growth.
The Economic Survey emphasizes that this youthful population, if provided with adequate employment opportunities, could significantly boost productivity and income levels, transforming India into a $10 trillion economy. A positive trend noted is the decreasing dependency ratio, indicating a growing number of individuals seeking self-reliance through employment. However, the survey also cautions that sustaining this growth requires continuous creation of employment opportunities to fully realize the demographic dividend. The challenge lies in ensuring that this young workforce is equipped with the necessary skills and job opportunities to fuel India’s ambitious economic goals.
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