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 country into worker's who are capable of producing goods and services.

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.

Answer 2

Human capital formation is the process of transforming the people in a country into workers. This has helped India in many ways. It hasincreased 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.