Human Capital Formation In India
Why does the government spend on education?
Human beings without education have only brutal manpower, that is their physical labour. Investment in education gives them
additional skills to do the many jobs efficiently. It converts human being into human capital. The human capital increases the productivity which is a source of economic growth. Investment in education is considered as one of the sources of human capital. That is why the government makes expenditure on education. Seventh five-year plan says, 'Human resources development or human capital has necessarily to be assigned a key role in any development strategy, particularly in a country with large population. Trained and educated on sound lines, a large population can itself become an asset in accelerating economic growth and in ensuring social change in desired directions.'
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What is investment in education?
Mention on the main forms of development of human resources.
What do you mean by health?
What is social infrastructure?
What is meant by human resource development?
Why is technical education essential?
When was New Education Policy announced?
Tell the name of two communicable diseases prevalent in India.
On what factors does economic development depend on?
What are included in social infrastructure?
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