The encouraging results of the GDP growth in the first quarter have brought all-round cheer and have reinforced the market sentiments. Government’s persistent and targeted interventions saw the economy surpass most estimates. The release of the latest data coincided with the significant assertion at the SCO meet, of India’s vision of ‘transforming shared geography into shared opportunities through the three pillars off Security, Connectivity, and Opportunity’.
Against this backdrop, India’s leadership in addressing the concerns of the youth will be significant. India, and countries with similar demographic patterns are at an inflexion point. A large young population can be a demographic dividend or a significant employment crisis. To deal with this, vigorous structural transformation of labor force participation across agriculture, manufacturing and services sectors is essential to expedite the nation’s journey to a Vikasit Bharat and set an example for other countries.
