What is the importance of human capital formation in India?

India gave importance to the growth of human capital in the seventh five year plan. In a country like India, which has a very large population, the policy makers decided to give a key role to the human capital formation in the development strategy of India. To accelerate the economic growth of India, a highly educated and trained population will help in accelerating positive changes in society and ensure economic development.You can read about the Human Capital Index – Key Areas of Measurement, Objectives and Significance in the given link.

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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