Economic Development in India: Scope for Job Opportunities and Skill Enhancement

Abstract

This paper attempts to identify the importance of skill development and scope for job creation in the transition phase of the demographic dividend. India is going through unique phase of demographic dividends, where it is necessary to focus all strategic policies towards the youth, so that these benefits could be seen in reality. But India's performance with regard to both education and employment has been disappointing. Mass education of youth and their gainful employment in productive jobs is central for capitalizing on India's demographic dividend. Data from World Development Index,2013 reveal that in 1999 only 63% of male students and 60% of female students who had begun grade Ist reached grade Vth. This is a lower rate than for lower middle-income countries. Creation of jobs is another area of concern. This researcher wants to analyze the efforts of Governments and window of opportunity coming due to demographic dividends. Also, researcher studied the role of entrepreneurship in the creation of jobs. This is conceptual paper based on secondary data.