Question

explain​Role of human capital in the development of the Indian Economy.

Answer 1

Human capital has a vital role to play in the economic development of a country. In a densely populated country like India, human capital can serve as a source of better economic development. The only thing necessary is proper investment in human capital which implies proper education facilities, job training, better health facilities etc. It will increase the productive qualities of labour force. It will lead to more production which will further lead to economic growth of a nation.