What role can the government play in human capital formation in India?

Question

Accepted Answer

Both education and health have been considered important means for human capital formation. The provision of basic education and health facilities has been accepted as a goal in all societies. It is important that these facilities be made available free for the poor classes who cannot afford them. However, the private sector will not be forthcoming in making large investments in non-profitable areas. Hence, the government has an important role to play to ensure their availability.