Since 2020, India has emerged as a major player on the global stage. Its size, wealth of talent, and growing economic influence have earned it a prominent position in international forums. The Indian Government is being courted by the world’s most powerful blocs.

Behind this optimism lies a vast and youthful population, well-positioned to shape the nation’s future.

A demographic dividend

India is banking on its youth to transform it into a developed nation by 2047. With 65% of its population under 35, this demographic dividend is considered a significant opportunity. However, experts caution that this advantage comes with challenges. If enough jobs are not created for the millions entering the workforce, the demographic dividend could turn into a demographic disaster.

Moreover, job creation is only part of the solution. The other crucial factor is equipping the youth with skills to perform the jobs of the future. Currently, only 50% of India’s graduates and 20% of its engineers are employable. With industries being reshaped by AI and other new technologies, the need for upskilling has never been greater.

Teaching project management to young professionals is one way to bridge this skills gap.

Why project management is essential?

Project management equips professionals with the tools to navigate complexity and drive results. It combines technical knowledge with interpersonal and strategic skills to deliver impactful outcomes. Skilled project professionals employ hybrid approaches, adapting techniques to specific challenges.

In addition to technical expertise, project managers possess power skills like communication, collaboration, and business acumen. PMI research shows that organisations prioritising these skills complete more projects successfully and minimise wasted investment.

Project managers also lead digital transformations, leveraging AI and data science to create value. Their role in strategic change initiatives is critical for organisations to remain competitive.

Project management’s role in India’s ambitions

Project management has powered some of India’s greatest achievements, including the Pragyaan rover’s lunar landing and the Bhadla Solar Park. Project managers bring together diverse teams to achieve common goals, making them integral to the nation’s growth story.

As India invests heavily in technology, infrastructure, and renewable energy, the demand for project management professionals will continue to rise.

Unlocking the demographic dividend

India has over 43 million students in higher education, representing untapped potential. With project management expertise, these graduates can become employable in fields like technology, healthcare, sustainability, and marketing.

By equipping its youth with project management skills, India can ensure a workforce ready to handle complexity and drive strategic initiatives. This will not only unlock the country’s demographic dividend but also position it as a global leader.

In conclusion, project management fosters efficiency, impact, and adaptability. Investing in project skills will prepare India’s young professionals for a dynamic future, enabling them to lead change and create value across industries.