India Prime Minister Says the Country’s Rising Population, Is an Asset
Prime Minister, Narendra Modi, has been speaking on the growing population of India.
President Modi addressing the country on its 77 independence anniversary, referred to recent reports that said that India had overtaken china to be the world’s most populous country with 1.4 billion people.
He stated that demography, democracy and diversity were India’s strength and the country’s youth would have unlimited opportunities
The Prime Minister said India’s economy was now the fifth largest in the world and promised that in the next five years, we will be in the top three.
The Prime Minister said he was confident that in 2047, when India marks 100 years of its independence, it will be a developed nation.
Mr. Modi claimed that the country’s economic situation post the covid-19 pandemic was better than most other countries, and has been able to control inflation successfully.
“India is pushing hard to increase manufacturing growth and exports,” says Ms Mahambare.
“The production-linked incentive scheme and other schemes under the Make in India campaign have attracted large-scale electronics, auto components and textile firms, among others. The information technology and emerging biotech and pharma sectors continue to hold good promise.”
At the same time, the government’s Skill India initiative is focused on ensuring that youth are better equipped to meet the needs of companies through measures such as training and partnerships with countries including Japan to co-operate on skill development initiatives.
Only 5 per cent of India’s workforce is formally skilled, despite it being the largest and youngest in the world, according to the World Economic Forum.
“Labour alone cannot take our economy to the next level,” says Poshak Agrawal, co-founder of Athena Education, which helps students to gain admission to highly rated universities through coaching.
“Despite the large population, the country lacks the workforce that is skilled to take up the newly evolved roles,” Mr Agrawal says.
“Recruitment becomes a challenge for various organisations because in Indian colleges, the education is more theory-centric, and there’s a lack of experiential learning.”