Indian Economic Development

Human Capital Formation in India

Question:

Trace the relationship between human capital and economic growth.

Answer:

Human capital formation raises the process of economic growth and economic growth raises the process of human capital formation. There is a cause and effect relationship between human capital and economic growth. It is shown in the figure.
human-capital-formation-india-ncert-solutions-class-11-indian-econmonic-developtment-2

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Human Capital Formation in India

Q 1.

Bring out the differences between human capital and human development.

Q 2.

How does investment in human capital contribute to growth?

Q 3.

What are the main problems of human capital formation in India?

Q 4.

Bring out the need forjm-the-j ob-training for a person.

Q 5.

What are the indicators of educational achievement in a country?

Q 6.

Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.

Q 7.

How is human development a broader term as compared to human capital?

Q 8.

In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?

Q 9.

Argue in favour of the need for different forms of government intervention in education and health sectors.

Q 10.

Discuss the need for promoting women’s education in India.

Q 11.

Explain how investment in education stimulates economic growth. (or)
Explain the role of education in the development of a country.

Q 12.

How is human development a broader term as compared to human capital?

Q 13.

Mention two government organisations each that regulate the health and education sectors.

Q 14.

What factors contribute to human capital formation?

Q 15.

Bring out the differences between human capital and human development.

Q 16.

What are the two major sources of human capital in a country?

Q 17.

‘There is a downward trend in inequality world-wide with a rise in the average education levels.Comment.

Q 18.

Why do we observe regional differences in educational attainment in India?

Q 19.

Education is considered an important input for the development of a nation. How?
or
Examine the role of education in the economic development of a nation.

Q 20.

Discuss the following'as a sources of human capital formation
(a) Health infrastructure
(b) Expenditure on migration.

Q 21.

Trace the relationship between human capital and economic growth.