Author name: Varsha Verma

The human capital formation in India faces several challenges, including: Population Growth: The rapid increase in population negatively impacts the quality of human capital formation. It diminishes the per capita availability of existing resources, necessitating substantial investments in education and health. This results in a diversion of limited funds from physical capital to the production […]

Human capital formation holds a central role in India’s economic growth, as emphasized in the Seventh Five Year Plan. The plan underscores the pivotal role of human resources development, stating that a well-educated and trained large population can serve as a significant asset in accelerating economic growth and steering social change in desired directions. Expenditures