Role of Education in Human Capital Formation in India
Journal: IMPACT : International Journal of Research in Humanities, Arts and Literature (IMPACT : IJRHAL) (Vol.8, No. 12)Publication Date: 2020-12-31
Authors : Pushpanjali Arya; Km. Akanksha Arya;
Page : 9-14
Keywords : Human Capital Formation; Physical Capital; Economic Growth; Education; Health;
Abstract
Developing skills in the population speeds up the process of human capital formation, along with physical capital accumulation The three most important pillars of human capital formation are education, health and technical knowledge (skill).Technical knowledge brings about new methods of production, leads to inventions and development of new equipments and education is an important instrument for social, economic and political transformation of any society.
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