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BFSI Chronicle, 11 Edition September 2022
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INDIA’S YOUTH POWER

CAN TAKE ECONOMY TO

$5.0 TRILLION.

“We cannot always build the future for our youth, but we can build
our youth for the future.”

- Franklin D. Roosevelt.

eople make a nation. Progress is the total effort
of each individual to the country. The youth,
the most active part of the population, plays a
Ppivotal role in a nation’s life. India is enjoying
a rare demographic advantage of the enormous youth
power in the world. The youth have always played a
pivotal role in shaping India’s destiny- be it the long-
fought freedom struggle against colonialism or the
mission of women’s emancipation, banishing the bane
of the sati and dowry system and modernising India
into a progressive society. Empowering this vibrant
workforce with technical education relevant to local and
global economies can churn around India’s economic
fortunes. The enthusiasm of youth now needs a direction
to make India a $5.0 trillion economy.The youth are
the backbone of Indian society contributing 34 per cent
of GDP. The share has been consistently improving
due to improved opportunities in the enhanced living
conditions. The youth is our biggest asset, and due to the
sizeable demographic dividend we enjoy, the odds of
achieving the target increase with 65% of the population
as young. Their orientation to productive skills will
propel India to achieve the goal.The Government drives
economic progress as a facilitator. Empowering the youth
and giving responsive, transparent and accountable
governance and administrative system to flourish can
revolutionise the economy. Like in the West, every
Shri Hargovind Sachdev student above 16 may be permitted to officially work
Former General Manager State Bank of India
for 20 hours weekly to raise educational and daily

The Institute Of Cost Accountants Of India

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