mention the importance of human capital formation in India?
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The term human capital formation implies the development of abilities and skills among the population of the country. In order to develop various sectors of the economy, the country should introduce manpower planning for the development of its human resources.
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The process of human capital formation is responsible for economic and human development of the individuals, society and of any country. Human capital formation increases the economic prosperity of the individual by generating more job opportunities. The economic prosperity brings social equality in a society
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