Economy, asked by veekritzzeksh, 1 year ago

What are the main problems of human capital formation in India?

Answers

Answered by Study123
7
The main problems of human capital formation in India can be classified as:-
1) Education system:- The Indian education system is not only obsolete but also broken. Recently certain steps taken such as removal of repetition on failure till 8 standard and canceling of IIT-JEE examinations. Currently the IIT is using JEE-Advance for entrance which does not have the standard equivalent to  previous system.
2) Lack of right to recall:- Due to lack of right to recall government officials such as IAS, IPS and Judges and also politicians harass small industrialist and entrepreneurs and they have to waste a lot of time working on dealing with them and bribing them and they cannot concentrate on work. If there business grows more people will get employment and develop more skills.
3) Lack of remuneration to teachers:- Teachers do not  get enough employment so the best people of the field don't come to teaching.
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