The greatest wealth of a nation is its Human Resource (not just population) in general and youths who possess specific job skills in particular. Indian economy has been recognized as Emerging Economy in the world. Though its Gross Domestic Product (GDP) growth rate has come down from 8% pa to 6.5% pa during the year 2017-2018, still the rate of growth remained as second highest in the global economy. It is projected by the world economists including Indian experts that Indian economy will emerge as second largest economy in few decades. All this could be possible just because of growing number of working hands and creative mind of Indian youths. The Indian Economy has been growing continuously but this growth has resulted in to imbalanced growth and inclusiveness in missing in the present growth. Only around 1/3^rd of the total economy (urban economy) has been growing at a faster rate whereas 2/3^rd of the total economy (rural economy) has yet take off towards growth. When both the economies grow simultaneously the total economy will reach to its destination of developed economy. To achieve a level of developed economy there is an urgent need of developing more number youths as human resource with certain work skills to take up some productive jobs to accelerate the growth rate of economy at double digit. And the institutes of higher education have to play a vital role in converting young population into workforce by providing quality education to the deserving candidates at affordable cost. Special efforts are required to be taken for developing the rural youths due to wide disparity in educational standards in the educational institutes of rural and urban areas.

Keywords: Human Resource, Global Economy, Gross Domestic Product (GDP).