Question

what is human capital formation? how has it helped indiab economy​

Answer 1

1) when the existing 'human resource ' is firther developed by education , skill developmemt , good health , we call it humam capital formation

2) i) It increases people's level of productivity and efficiency as well as the productive power of the country

ii) It has added to the skill labour force of india

iii) Millions of skilled workers are working in other countries . They earn foreign exchange for us .

Answer 2

QUESTION -

What is human capital formation?

What is human capital formation? how has it helped indiab economy?

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.

➡️Helped it to become a self reliant nation.

➡️ It has also improved the level of income of the people.

➡️ Increased the GDP of the nation.