The growth of any economy lies in the hands of its people. Young working population had always proved to be a boon for the growth and development of the nation. According to United Nations Population Fund (UNFPA), approximately 1.8 billion people between the age group of 10-24 years old exist in the world today and this number is expected to increase by 2070. Much of the increase exists in the least developed countries (LDCs), who are experiencing rapid and large growth in their youth population. Empirical evidences suggest that developed countries (DCs) have enjoyed unprecedented economic growth by tapping the potential of their youth. UNFPA stated that, “The republic of Korea, saw its per-capita GDP grew by about 2200 percent between 1950 and 2008 and Thailand’s GDP grew by 970 percent. Demographic dividend played a very important role in “Economic Miracles” of East-Asian Tigers and accounts for between 1/4th and 2/5th of economic growth. Ireland is a recent example of demographic dividend contributed positively to the economic boom of the 1990s, called “Celtic tiger”. In this paper Impact of Population Dividend on the Growth of Indian economy has been discussed.