What is the role in human capital formation?

Human capital is extremely important for the development of the society, economy and the nation. Human capital is needed to produce more human capital out of human resources. For example, a nation needs good human capital like professors and teachers to convert human resources like students into doctors and engineers which are human capital of a nation. 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