India is home to over 1.4 billion people, making up 18 per cent of the global population. The country is in a prime position within the Demographic Transition Model, with a large portion of its population being young. Over 1 billion Indians are of working age, highlighting the nation’s vast potential. By 2030, India’s dependency ratio is expected to hit a record low of 31.2 per cent, paving the way for economic growth.
By 2056, an important shift will occur—the number of young dependents (below 15 years) will outnumber the elderly (above 65 years). This change signals a promising future, with India’s youth ready to drive progress, both nationally and globally.
India has already shown how its demographic advantage can benefit industries like IT and BPO. The country produces around 2.14 million STEM graduates every year, 47 per cent of whom are women. This makes India a leader in women STEM graduates globally. With such a strong talent pool, India is well-placed to strengthen its manufacturing and services sectors.
Additionally, the semi-skilled workforce supports industries like construction, transport, tourism, and e-commerce. This combination of skilled and semi-skilled workers gives India an edge in meeting both domestic and international demands.
Women In Workforce
Women are becoming a major strength in India’s workforce. They now make up 49 per cent of higher education enrolments. The Female Labour Force Participation Rate (LFPR), which had been declining, is expected to improve. This trend will lead to more women contributing to India’s growth in the coming years.
Global Markets
Countries like Central Asia, Europe, and Australia face labour shortages, and India is ready to fill the gap. Central Asia needs workers across industries, Australia seeks hospitality staff, and Europe has a high demand for healthcare workers, especially in elderly care.
India expects to have 40 to 50 million surplus workers in the coming years. By focusing on skill development and training, the country is preparing its people for both domestic and international jobs.
With the right investments in education, technology, and skill training, India is set to play a key role in shaping the global workforce. This not only strengthens the country’s economy but also fosters international collaboration and cultural exchange.
India’s journey as a global human resource hub is just beginning. By continuing to nurture its talent and seize opportunities, the country will help create a more connected and prosperous world.