The Citi Foundation Helps India Prepare to Be World’s Youngest Population By 2020
Last year, Prime Minister Modi of India launched an ambitious project that aims to train over 400 million young people in different skills by 2022. The initiative is called ‘Skill India’, with the tagline – ‘Kaushal Bharat, Kushal Bharat’, which means ‘Skilled India, Successful India.’ Today, every third person in an Indian city is a youth. In about four years, the average-aged person will be 29 years old and very likely a city-dweller, making India the youngest country in the world by then. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and regional inequalities.
Supporting the India’s national agenda of ‘Skill India’ will be the Citi Foundation’s India Innovation Grant Program (IIGP), which is a first-of-its-kind initiative in India, launched in 2014 to encourage non-governmental organisations (NGOs) to develop innovative, sustainable financial education and inclusion models. Now in its third year, IIGP will expand to focus on investing in the skills of the youth across the country and prepare them for and connect them with economic opportunities, which in turn, will propel economic progress and inclusion in India.