International Youth Day, celebrated annually on August 12th, serves as a global platform to highlight the issues facing young people and to promote their engagement and development. This year’s theme, focused on “Upskilling Youth for a Changing World,” underscores the critical need for equipping young individuals with the skills and knowledge required to thrive in an evolving job market. As technology and industry rapidly advance, traditional education alone is no longer sufficient. Upskilling—through digital literacy, vocational training, and lifelong learning opportunities—has become essential for ensuring that youth can adapt to new challenges and seize emerging opportunities in various sectors.
The emphasis on upskilling also addresses broader social and economic goals, such as reducing youth unemployment and fostering innovation. By investing in targeted training programs and accessible educational resources, societies can empower young people to contribute more effectively to their communities and economies. International Youth Day thus highlights not only the potential of young individuals but also the collective responsibility to support their growth through meaningful and practical skill development. This approach aims to bridge the gap between educational outcomes and labor market needs, ultimately helping youth navigate and shape a future full of possibilities.
Comments by Sachin Alug, CEO, NLB Services
“India’s strength lies in its youth population, with over 50 percent of the total population below 25 years of age. This demographic is a key driver of India’s GDP and overall growth but the fast-evolving job market demands constant upskilling. A recent report highlights that only 29% of fresh graduates in white-collar jobs in India feel confident about retaining their positions in FY25. The study also reveals that professionals in manufacturing, engineering, capital goods, and BFSI sectors show the highest intention to upskill in FY25. Furthermore, emerging technologies like generative AI, robotics, and cloud computing necessitate advanced skills. By 2025, AI is expected to contribute up to $500 billion to India’s GDP, potentially reaching $967 billion by 2035.
According to NLB Services, thriving in an AI-driven future requires a proactive approach to continuous learning and upskilling. With regard to the government initiatives, the recent Union Budget announcement also indicates a strong commitment towards youth skilling, with plans to upskill 20 lakh youth and offer higher education loans up to ₹10 lakh for 1 lakh students annually. The Skill Certification scheme of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) will enable Indian youth to take up industry relevant skill training that will help them in securing a better livelihood. Moreover, the proposed scheme to provide internship opportunities to 1 crore youth in 500 top companies with Rs. 5000 per month as internship allowance and one-time assistance of Rs. 6000 will further help in achieving employment goals.