Demographic change and employment generation: Issues and challenges

India is the home to 17.5 per cent of the world's population. Its population growth rate is estimated at 1.25 per cent per year. It is estimated that by 2025, India will surpass China and become the most populous country whose population will touch 1.6 billion by 2050 from the present 1.28 billion.. However, our population is ‘young ’by global standards. Employment generation has come to occupy centre stage in our development planning as well as implementation. The experience of the last one and a half decades in India showed that employment opportunities created were inadequate in spite of rapid growth and Demographic changes. Unfortunately, the strike comes at a time when estimates point out that nearly 2 lakh workers join the labour force every month. In the context of India's ‘young population ’which is increasingly aspiration and consumption oriented in outlook unlike the previous generations, there is an urgent need for the government to increase employment generation potential. The younger generations ’expectations are higher, as is their ability to earn while it has a greater inclination to assume debts in order to meet their aspirations. There is a need to concentrate on the issues and challenges that are facing in present trends by the younger generation that is mainly good education system and employment opportunities. Thus there will be nation building by the generations that are upraising in present scenario though we are facing demographic changes very rampant.