What is human capital formation in India?

Human Capital formation in India is the outcome of investments done by India in the domains of education, information, on-the-job training, health, and migration. Out of these, health and education are the most vital sources of human capital formation. You can read about the Human Capital Index – Key Areas of Measurement, Objectives and Significance in the given link.

Human capital are people in the society who are well educated, sufficiently trained and who can contribute to the growth of the nation. Human capital formation is done through formulating policies which are in sync with the nature of the economy and the state, and expenditure done by individuals and the state.

Further readings:

  1. Topic-Wise GS 3 Questions for UPSC Mains
  2. Human Development Report – HDR 2020, 5 Indices, Gender Development Index

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