A Study on the Analysis of Youth Empowerment Initiatives in India and Its Impact on Indian Economy
Dr. Chinthala Kishore Kumar
M.Com, MBA, Ph.D. Associate Professor of Commerce NTR Government Degree College for Women, (A) Mahabubnagar Telangana State
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http://doi.org/10.37648/ijps.v21i03.006
Abstract
Youth empowerment is a concept that has extended significant attention in recent years, and for good reason. The youth, often defined as individuals between the ages of 15-29, denote not only the future, but also the dynamic power of our nation. Youth empowerment is a multifarious conception that incorporates different phases of young person’s survives. It entails equipping youth along with necessary instruments, supports, along with likelihood to enhance their abilities, cultivate self-assurance, act with discernment, and engage effectively in economic and socio-political domains of their groups. Entitling youth is essential for economic development and sustainability. Access to vocational training, quality education, with entrepreneurial possibilities enables young individuals to become active participants in economy along with workforce. Skilful along with empowered younger people can manage innovation, enhance production, and moreover foster a more affluent society. This article aims to comprehend the scope of youth empowerment initiatives and impact of youth empowerment initiatives on Indian economy. The secondary information is collected from applicable books, internet, periodicals, booklets, news articles and online platforms as specified by research needs. The results shows that youth empowerment initiatives contribute to both increasing the labour force participation rate and decreasing the unemployment rate. That is the labour force participation rate of young aged 15- 29 yrs has increased from 38.20% in 2017-18 to 46.50% in 2023-2024 and the youth unemployment rate, which stood at 17.80% in 2017-18 decreased significantly to 10.20% in 2023-24.
Keywords:
Youth; Empowerment; India; Initiatives; Economic; Employment; Development
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