“We are one of the world’s oldest civilizations and one of the youngest nations.
Our country’s demographic profile has undergone a major evolution. Now, there is a preponderance of youth. This is a decisive factor in determining our nation’s destiny.

.The magic wand is India's people power. The world’s most populous nation, which has built its economic strength on seemingly endless supplies of cheap labor, . The demographic dividend, projects the median age of India’s population as a whole to be 27.5, significantly lower than that of regional peers China and Japan, at 37.6 and 44.4, respectively. For our nation, this opens up as an opportunity for consumer as well as investment boom.
China's 1.3 billion populations comprises of just 19% of people below 15. It's regional peer Japan working population accounts for 63% and just 13% to fill the gap in the following couple of decades. France with 65% and US with 67% in the workforce, are soon going to face manpower shortages. And as we all have read in Geography the last year, India is bucking the trend with a growing youth population.

Currently 60 percent of India's 1.2 billion people are under age 30. Its working-age population, between 15 and 64, will grow nearly 18 percent by 2020, compared with only 0.3 percent growth for China. With world's graying population, India's huge youth demographics have an edge.

Economic prosperity depends crucially on the size and quality of the workforce. The combination of possible labor market tightening and dissaving raises concerns that the steeply aging countries will experience slower economic growth and even shrinkage of their economies.
This will put pressure on social services. In fact in some countries, this demographic dividend is already turning into a tax. Take the case of Japan, which has the largest number of people above the age of 65 in the world. This is increasing the burden on its public finances as economic growth stagnates. China is also aging in a hurry and this is putting pressure on Beijing to rethink its one-child policy started in 1979.
But, numbers alone don’t matter. Not only does India need to train and employ a large magnitude of people but it has also to start from a worse initial position in terms of existing educational infrastructure to make it's youth an economically productive segment of society. We at this point need a massive infrastructure of universities and vocational training institutes spanning the country, including its rural interiors.
The able working population in India must be transformed into capable working people, otherwise, it ends up being an economic burden, consisting of more mouths to feed. Human development must go hand in hand with population growth. The most valuable of all capital is that invested in Human Capital. With limited access to quality education and employment, most of the youth will enter the labor force at the lowest level. Education and development of skills will go a long way in ensuring that large chunks of future generations don’t end up the same way. To achieve the target, government and the corporate sector need to join hands.Big IT giants, like Infosys and Wipro, to name a few have contributed significantly towards Rural Development, Education, Development of skills and thus harnessing benefits from the manpower of India. The most recent initiative towards Human Capital Investment is taken by Reliance Foundation towards infrastructural growth in terms of schools for children. Such steps by corporate entities in the nation can improve the Human Capital, and thus prove to be a boon for the nation. Technology could also pitch in to help towards improving young India’s skills sets.Government's notable efforts to make primary education compulsory for children aged 14, making stricter laws to prevent child labour and providing scholarships to students for higher education rather act as catalysts. With all these efforts, contribution of Doctors, Engineers, and other service sector employees in the GDP has been the largest accounting for 55%. The share of the young workforce in the future is estimated to be increasing by a minimum of 10%, thus making India an epitome of prosperity.
India has a critical mass of skilled, English-speaking knowledge workers, especially in the sciences. Its domestic market is one of the world’s largest. It is creating valuable knowledge linkages and networks, combining this with other key ingredients including: macroeconomic stability, a dynamic private sector, institutions of a free market economy, a well-developed financial sector, and a diversified science and technology infrastructure.

Building on these strengths, India can harness the benefits of the knowledge revolution to improve its economic performance and boost the welfare of its people. Imagine the explosion in innovation and creativity if India's unleashes the untapped potential of it's huge and gifted population. With this I arrest my case.

Let us build an India proud of her independence; powerful in defense in her freedom; strong, self-reliant in agriculture, industry and front-rank technology; united by bonds transcending barriers of caste, creed and region; liberated from bondage of poverty, and of social and economic inequality”

With these words I rest my case.