An ageing workforce could become India Inc's achilles heel

As per CMIE estimates, 42% of India’s workforce in 2016-17 was in their forties and fifties and this had risen to 51% by 2019-20 and to 57% by 2021-22. Further, 17% of India’s labour force in 2016-17 was of the 15-24 years age bracket but this has dropped to 13% by 2021-22 as youngsters have delayed joining the labour market either because of lack of adequate jobs or opting for higher studies.

An ageing workforce could become India Inc's achilles heel
As per CMIE estimates, 42% of India’s workforce in 2016-17 was in their forties and fifties and this had risen to 51% by 2019-20 and to 57% by 2021-22. Further, 17% of India’s labour force in 2016-17 was of the 15-24 years age bracket but this has dropped to 13% by 2021-22 as youngsters have delayed joining the labour market either because of lack of adequate jobs or opting for higher studies.