Question

role of human capital formation in india and its related problem

Answer 1

The term Human Capital Formation implies the development of abilities and skills among the population of the country. In order to transform the liability of the huge size of population into assets adoption of various measure for human capital formation is very much essential.
In order to develop various sectors of economy, a country should introduce manpower planning for the development of its human resources, Manpower Planning indicates planning of human resources for the meeting the needs of the human economy.

Answer 2

The principal issues of human capital development in India are as per the following:

(I) Lack of Resources The financial assets expected to support interest in education and well-being for human capital designing in India are not adequate.

(ii) Implementation Problems There are different projects being controlled by the administration for a human capital arrangement like Sarva Shiksha Abhiyan.

(iii) Quality Issues Though there has been an advance in a human capital arrangement in India in quantitative terms, Quality of human capital is a long way from tasteful.

(iv) Lack of Proper Planning for human capital arrangement has not been legitimate because of which there is dependably a deficiency of labor in the wellbeing and instruction areas.