Youth comprises the most valuable and productive section in a population of a nation, and the development of a nation determines the development of a nation. Thus, it is required to formulate and implement policies dedicated towards the growth and development of the youth, build their capabilities, impart skills and training to the youth and prepare a strong base of human resource for the nation to progress. According to the Census 2011, the Youth in India comprises about 34.8% of the total population, and this demographic dividend makes it a young nation and also provides advantages of reaping this vast talent pool for economic growth. The paper highlights the National Youth Policy of India implemented in 2014. It describes youth, importance and various schemes for the youth in India, its vision, objectives and future imperatives. It also discusses the enactment of the youth policy until 2020, impact analysis of the policy and setbacks. It is a review paper and attempts to analyse whether the National Youth Policy, 2014 has been able to achieve its goal of empowering Youth of India and achieve a global position in all spheres by harnessing their capabilities. The paper concludes that the most critical factor today is to create a happy and stress –free environment for the youth so that they get a chance to develop to the fullest. The National Youth Policy fails to understand this aspect of happiness. Happiness Index is developed, and its vitality is internationally recognised, so the policy-makers must look into this dimension to strengthen and empower the youth while implementing this policy with a good spirit