Social Sciences, asked by rohitsharma1225, 6 months ago

15- What is the Importance of Human capital formation in India?

Answers

Answered by khaninayath302

Answer:

The human capital formation plays crucial role in the economic development. ... Secondly, human capital increases the productivity of the physical capital (for example, they can handle the tools and machines in better way). Enhanced productivity would accelerate the growth.

Higher Rate of Contribution and Equality: Human capital formation prompts a higher employment rate. With the expansion in employment, the productiveness rises. Additionally, expansion in work openings likewise boosts the level of income and this aide in diminishing imbalances of wealth.

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