Union Youth Affairs and Sports Minister Mansukh Mandaviya said that developed countries are reaching a demographic impasse, and it poses a significant opportunity for all BIMSTEC nations.
“India has one of the youngest populations globally with a median age of 28, and over 65 per cent of the population under the age of 35. Similarly, BIMSTEC nations collectively hold 60 per cent of their population under 35 years, thus presenting an opportunity for collective growth and development,” said Mandaviya.
What is BIMSTEC?
BIMSTEC is a grouping of seven nations surrounding the Bay of Bengal including India, Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan. The group was formed in 1997. The Ministry of Youth Affairs and Sports is hosting a youth summit from February 7 to 11 with the theme of “Youth As A Bridge For Intra-BIMSTEC Exchange”.
Demography of BIMSTEC and its advantage
Speaking at this summit, Mandaviya said, “The BIMSTEC region is home to people comprising nearly 22 per cent of the global population and a combined GDP of $4.5 trillion”.
India’s growth story is driven by its youth, said Mandaviya. “The latest WEF Future of Job report states that 170 million new jobs will be created globally by 2030 due to the rapid advancement in automation and artificial intelligence. Global demand for skilled professionals is increasing with 11.1 million blue-collar workers and 10.9 million white-collar professionals needed worldwide. Equipping our youth with the necessary skills to navigate this dynamic and increasingly digital world is essential to staying competitive today.”
Mandaviya also highlighted steps taken by India to bridge skill gaps, including the National Education Policy, Skill India Mission, Make for India, and Make for the World, as well as boosting the Indian startup ecosystem.
Giving credit to Prime Minister Narendra Modi for envisioning the youth summit in 2018, Mandaviya said, “We share deep-rooted historical and cultural connections that trace back to ancient times. We share a common heritage that binds our people together the Bay of Bengal has long served as a link between South and South East Asia forming part of major trade roads like the Silk Road and the maritime spice route. This summit is a step toward empowering young minds across BIMSTEC nations, encouraging collaboration, sharing experience and driving youth-led development across the region.”
The Union minister also enumerated how India has prioritised engagement with BIMSTEC through its Neighbourhood First and Look East policies. “Through a collective and forward-looking approach BIMSTEC nations can drive inclusive growth and ensure a bright future for the region,” he said.
India’s Commitment
“India’s bid for the 2036 Olympics will further strengthen the BIMSTEC sporting ecosystem, attracting global investments, enhancing training facilities and fostering international sporting partnerships this will open new avenues for young athletes.”
“India is committed to playing a leading role in this journey offering its expertise resources and vision to strengthen the regional operation. BIMSTEC is not just about governments working together, it is about connecting peoples, empowering youth and building a future of shared prosperity,” he said.
