Question

What is human capital formation?how it helped India

Answer 1

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