What role can government play in human capital formation in India?

Solution

Investment in education gives additional skills to do the some job or variety of other jobs. It converts human beings into human capital. The human capital represents the enhanced labour productivity which is an acquired ability and an outcome of deliberate investment decisions. The government can play an important role in this respect. If the government makes expenditure on health care vaccination, medical interventions during illness and spread of health literacy, sanitation and pure drinking water, it will keep labourers healthy and enable them to work for a longer period of time. Health and education expenditure directly increase the supply of healthy and educated trained labour force, which is a source of human capital formation.

Some More Questions From Human Capital Formation In India Chapter

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Human Capital Formation In India

What role can government play in human capital formation in India?

Some More Questions From Human Capital Formation In India Chapter

Give the different forms of 'on the job training'.

Why is expenditure regarding on-the-job training a source of human capital formation?

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.

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