India's Demographic Dividend at Risk Amid Education and Skill Challenges

India's Chief Economic Advisor, V. Anantha Nageswaran, has warned that the country may miss out on its demographic dividend and face increasing inequality if urgent action is not taken to improve education and skill development. Bloomberg posted on X, highlighting Nageswaran's concerns about the potential consequences of failing to address these critical areas. Nageswaran emphasized the importance of equipping the workforce with necessary skills to harness the benefits of India's young population. He noted that without significant improvements in education and vocational training, the nation could struggle to achieve sustainable economic growth. The advisor's comments come amid ongoing discussions about India's economic trajectory and the need for reforms to support its burgeoning population. Nageswaran stressed that addressing these issues is crucial for ensuring equitable growth and reducing disparities across different segments of society. India's demographic advantage, characterized by a large proportion of young people, presents an opportunity for economic expansion. However, Nageswaran cautioned that this potential could be undermined by inadequate educational infrastructure and insufficient skill development initiatives. The government has been urged to prioritize investments in education and training programs to prepare the workforce for future challenges. Nageswaran's remarks underscore the urgency of implementing policies that foster inclusive growth and capitalize on the demographic dividend. As India navigates its economic future, the focus on education and skill development remains a pivotal factor in determining the country's ability to leverage its demographic strengths effectively.