Author name: Varsha Verma

Human capital, akin to the importance of physical capital, plays a pivotal role in fostering economic development. The significance of human capital in a country’s economic progress is evident through various aspects: Enhanced Production: Educated and skilled workers leverage resources more efficiently, leading to increased overall production. Knowledgeable individuals can apply their expertise in diverse […]

The primary channels contributing to the development of human capital include: Investment in Education: Allocating resources to education serves as a pivotal means of human capital formation. Education plays a critical role in cultivating technical skills, fostering a workforce that enhances labor productivity, and contributing to sustained economic development. Additionally, education tends to lower birth