Question

what is human capital formation how has It helped Indian economy​

Answer 1

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 and helped it to become a self reliant nation. It has also improved the level of income of the people and increased the GDP of the nation.

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Answer 2

Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy.

This has helped India in many ways. It has increased the production of the country and helped it to become a self reliant nation. It has also improved the level of income of the people and increased the GDP of the nation.

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