But the key bottleneck in this growth picture is the lack of skilled persons.
India with 325 million people in the age group 15-29 years has the youngest workforce in the world. This is shown by the bulge in the figure below:
This demographic scenario comes at a time when globally there is to be a shortage of skilled personnel. This opportunity where India could supply skilled persons is referred to as demographic dividend. Alternatively this opportunity could become a demographic nightmare.
India’s poor have reduced in numbers, but 22% of population still below poverty line. This translates to 238 million populations of which 170 million reside in rural areas. India ranks poorly on UNDP indices – 134/182 in 2009.