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  • Shweta Raikar

From Potential to Progress: Why the G20 Must Focus on Youth Development.

Updated: Mar 24, 2023

The G20, a group of major economies accounting for over 80% of global GDP, has the power to make significant global impacts. One issue they must address is youth development. With India's large youth population, it's fitting for them to prioritize this issue during their presidency.

Investing in youth development is not just a social responsibility, it's also an economic necessity. The potential of youth is recognized by investors worldwide, and we should follow suit. By providing young people with the skills and education they need, we create a more educated and skilled workforce, which drives economic growth and innovation.

Investing in youth can help address 50% of the world's problems, including poverty, inequality, and unemployment. But what does that look like in real life? Meet Peter from Kenya. Once struggling to make ends meet, he received training in entrepreneurship through a youth development program and opened a successful business. Now he employs other youth and contributes to his country's economic growth. This is just one example of the power of investing in youth development.

Education and skills development are critical for youth. By investing in these areas, we equip young people with the knowledge and tools they need to succeed in life. And it's not just about academics – youth also need practical skills like financial literacy, problem-solving, and teamwork. As one young woman put it, "Academics teach you how to make a living, but life skills teach you how to make a life."

But it's not enough to simply provide education and training – youth also need opportunities to participate in decision-making processes and shape their own future. Giving them a voice in shaping policies that affect them is critical for creating a more just and equitable world.

Overall, investing in youth development is a win-win for everyone. As a wise person once said, "The youth of a nation are the trustees of posterity." By investing in the future generation, we create a better world for ourselves and for generations to come.

So, let's "youth-en" to the call and prioritize youth development at the G20 summit. Together, we can make a positive impact on the future of our world.

- Shweta Raikar

Divekar College Of Commerce

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