describe any two revolutions taken place in indian economy which prove that investment in human capital can bring higher position for the country
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A country which has developed the skills and knowledge of its people can exploit natural resources, build social, economic and political organisation and can carry forward national development. Human capital is the fundamental source of economic growth. It is the source of both increased productivity and technological advance. India's Green Revolution is an example which shows the importance of input of greater knowledge leads to improved production technologies rapidly increases the productivity of scare land resources.
Infant the major differences between the development and developing countries is rate of progress in human capital. The underdeveloped countries need human capital to staff new and expanding government services to introduce new system of land use and new methods of agriculture, to develop new means of communication to carry forward industrialisation and to build the education system.
Investments made the human resources in terms of education lead to development and increase in efficiency of the human resource, which in turns contribute to higher productivity and technological advancement. With increased production and technical advancement the country becomes rich and is able to invest further in harnessing the human resources. Thus, investment in human resources can change the fortunes of any country.
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Here is your answer
A country which has developed the skills and knowledge of its people can exploit natural resources, build social, economic and political organisation and can carry forward national development. Human capital is the fundamental source of economic growth. It is the source of both increased productivity and technological advance. India's Green Revolution is an example which shows the importance of input of greater knowledge leads to improved production technologies rapidly increases the productivity of scare land resources.
Infant the major differences between the development and developing countries is rate of progress in human capital. The underdeveloped countries need human capital to staff new and expanding government services to introduce new system of land use and new methods of agriculture, to develop new means of communication to carry forward industrialisation and to build the education system.
Investments made the human resources in terms of education lead to development and increase in efficiency of the human resource, which in turns contribute to higher productivity and technological advancement. With increased production and technical advancement the country becomes rich and is able to invest further in harnessing the human resources. Thus, investment in human resources can change the fortunes of any country.
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