Question

India’s IT revolution is a striking instance of how the importance of human capital has come to acquire a higher position than that of material, plant and machinery”, explain the statement in your own words

Answer 1

Answer:

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Like education, health is also considered as an important input for the development of a nation as much as it is important for the development of an individual. ... Health expenditure directly increases the supply of healthy labour force and is, thus, a source of human capital formation

Explanation:

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