How rapidly rising population adversely affect the quality of life. 

The major problems facing the human capital formation are as under:

(i) Repidly rising population adversely affects the quality of the human capital in underdeveloped and developing countries like India. It reduces per head availability of the existing facilities like sanitation, employment, drainage, water-system, housing, hospitals, education, local supply uutrition, roads, electricity etc. In short, the population pressure reduces the capacity of these countries for building human capital. An that is how rapidly rising population becomes a negative factor in the human capital formation.

(ii) Another problem of human capital formation is the migration of persons born, educated, trained in the under-developed countries to developed countries. The personnel migrated is of high caliber, consisting largely of scientists, administration, executive, engineers, physician, educationist, etc. This is described as the problem of brain-drain. This adversely affects the economic development of the underdeveloped and developing countries.

(iii) There is insufficient manpower planning in less developed countries where no efforts have been made either to raise the standard of education at different stages, or to maintain demand and supply of technical labour force. As a result, with their present pattern of education expansion, many developing countries will have to face one of the most explosive problems.

(iv) Agriculture is the backbone of underdeveloped countries, but less altention is paid on agricultural development and there is no provision of on-the-job training programme in such countries. Little is done in the field of educating former to use modern agricultural technologies is responsible for the ?? attention on agricultural development and human capital formation in underdeveloped countries.

(v) In case of physical capital accumulation the growth rate is measurable, but it is very difficult to measure absolutely the growth rate of human capital and one does not have any empirical evidence to prove the different growth rates of human capital required on attained by underdeveloped countries at the various stages of development. Many factors that increase productivity of human beings are non-quantitiable in charactor. Further, it is difficult to select a suitable way of measuring human capital formation.

(vi) Another problem of human capital formation is the lowering of academic standards. Underdeveloped countries in their enthusiasm to spread higher education have been opening to many universities without caring for their academic standards. No restrictions are placed on higher university levels is very high. Mass features and the development and human capital formation in underdeveloped countries.

(v) In case of physical capital accumulation the growth rate is measureable, but it is very difficult to measures absolutely the growth rate of human capital and one does not have any empirial evidence required on attained by underdeveloped countreis at the various stages of development. Many factors that increase productivity of human beings are non-quantifiable in charactor-further, it is difficult to select a suitable way of measuring human capital formation.

(vi) Another problem of human capital formation in the lowering of academic standards. Underdeveloped countries in their enthusiasm to spread higher education have been opening to many universities without caring for their academic standards. No restrictions are placed on higher university levels is very high. Mass features and the general lowering at academic standards tendes to lower the eficiency of graduates and post-graduates employed in both public sector and privates sector.

(vii) In underdeveloped countries, pattern of investment in education is rather problem creating. Mostly these countries provide a high priority to primary education which is offer free and compulsory. On the other land, the secondary education receives low priority in these countries. However, secondary education is rather significant and needs the most attention to provide technical hands for economic development.