Ajay Banga, Nilekani flag global employment crunch: '1.2 billion youth, only 400 million jobs!'

Global leaders at the World Economic Forum are sounding the alarm on a growing jobs gap for young people, with 1.2 billion youngsters expected to enter the workforce in the next 12-15 years, but only 400 million jobs available. This mismatch between youth entering the workforce and available employment opportunities is a major concern, with World Bank Group President Ajay Banga and Infosys cofounder Nandan Nilekani highlighting the scale of the challenge at Davos.