Human capital formation in India
● Human capital - human capital refers to the stock of skills and expertise of a nation at the point of time
Human capital formation
Human capital formation is the process of acquiring and increasing the number of persons who have the skill, education and experience for the economic and political development of economy
● Source of human capital formation
1. Expenditure on education
2. Expenditure on health
3. On the job training
4. Study programs for adults
5. Migration
6. Expenditure on information
● Role of human capital formation/ Importance
1. Higher productivity
2. Improve quality of life
3. Innovative skills
4. Increase participation and equality
5. Raises life expectancy
● Problems facing human capital formation in India
1. Rising population
2. Brain drain
3. Deficiency manpower planning
4. Insufficient on the job training
5. Lack of academic standards
Education is an essential elements of human development
● education is a process of teaching training and learning (especially in school or colleges).It improves knowledge and develop skills.
● Importance and Objectives of Education
1. Education produces responsible citizens
2. It develops Science and Technology
3. it helps in change in Environmental Outlook
4. It develop human personality
5. it helps us to make good society
● Need for government intervention in education and health
1. Because it needs huge investment
2. Because private sector to invest in health for profit motive
3. People in poor country cannot afford have price for education and health
4. Government doing social with justice
Education sector in India
1. Elementary education
• class 1 to 8 ( 6 to 14 years)
• 97% of children's received
●need to make policy - Right to education
• In 1950- 51 is 2.23 lakh
• In 2015- 16 is increase 12.70 lakh
2. Secondary and senior secondary education
• class 9 to 10 and 11 to 12 (14 - 19 years)
● Best example - Navodaya vidyalaya and kendriya vidyalaya
• In 1950- 51 , there were 7.4 thousands secondary and Senior secondary schools with 15 lakh students
• In 2015-16 the no secondary and senior secondary schools increase to 2.52 lakh and the no of students went up to 3.2 crore
3. Higher education
• Colleges and universities
• no of students in all universities 346 lakh in 2015-16
Conclusions
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We provide short summary and some exam notes of all subjects and for all classes.this notes is related to class 12th commerce/arts indian economy notes.In our page we learn all classes subjects and different knowledge.our youtube channel also available so you get for information go to channel.now we work on application for all classes and easy way to get notes and pdf of exam idea so you ready to learn from our easy adda.
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