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Question

how education play an important role in human capital formation? what steps have government taken to develop the education field?

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Solution

It can be understood as under:
Education plays an important role in the following manner:

a. Education is the backbone of society and is the basis for growth , progress and development of any country.
b. Education provides for better job opportunities, employment to individuals.

c. Providing better education and training will develop more skilled and innovative workforce who can contribute in the growth of the economy

d. Education broadens one's horizon, brings about innovation, entrepreneurship.

e. Transforms the population from a liability to an asset who can contribute in national income besides raising their own standard of living.
f. It makes people more aware and politically vigilant.
g. Education improves the quality of human population who further contribute in the growth and development of the country.
h.
Literate population is more aware about family planning, better nutritional and health standards.

Steps taken by government are as under:
Establishment of quality institutions at primary to university level.
Seeking education has been made a fundamental right.
Free education from 6-14 years of age.
Mid day meal schemes to improve the enrolment in schools etc.


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