ito
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Being young alone doesn't mean much, as they could very well be the liability rather than asset to a society if there are not enough well paid jobs for them. Don't worry about China, it is moving into Industry 4.0, and the sheer number of cheap laborers is the thing of last century.
Believe me...It is long long way for China to move into Industry 4.0. And no I am not worrying about China. That is your duty. Yes, though I agree with you that young people can be liability, but until the economy is growing at a healthy rate and people get jobs they become an asset. In fact the biggest import of India is its brain power.