Challenges and oppurunities to human capital formation in india
Answers
Problems of human capital formation in India:
Increasing population: An increase in population has adverse effect on the quality of human capital in under-developed and developing countries such as India. This leads to reduction in per head availability of existing services such as employment, education, health care, sanitation, housing, electricity, road and nutrition.
Lack of manpower planning: There is lack of manpower planning and no effort has been made to maintain the demand and supply of technical labour force, to raise the standard of education in under-developed countries.
High poverty levels: A majority of the people lives below the poverty line and they do not have access to basic health and educational facilities.
Brain drain: Migration of highly skilled labour termed as brain drain slow down the process of human capital formation in an economy.