Question

how does human capital formation help in india​

Answer 1

Answer:

Innovative Skills Human capital facilitates innovation of new methods of production and this increase the rate of economic growth in the form of increase in GDP. Higher Rate of Participation and Equality Human capital formation leads to a higher employment rate. With increase in employment, the productivity rises

Answer 2

Answer:

Human capital formation is the process of transforming the people in a country into workers. This has helped India in many ways. It has increased the production of the country and helped it to become a self reliant nation. It has also improved the level of income of the people and increased the GDP of the nation.