According to projections, India will overtake China as the world’s most populous country by April, 2023. However, a more significant milestone is that India will have the largest population of working age (15-64) than any other country in the world. With an average age of 29, the demographic bulge is forecasted to continue till 2050, with the largest growth in the coming decade. This has created a demographic dividend which provides an unprecedented opportunity for economic development. But will a bigger working age population naturally lead to better productivity and economic growth? In India, for instance, there are many obstacles...