NextQ151

What are the main problems of human capital formation in India?**Answer:** - **Rising Population:** Rapidly rising population adversely affects quality of human capital formation, reducing per capita availability of facilities. - **Long Term Process:** Skill formation takes time; the process is slow. - **High Regional and Gender Inequality:** Lowers human development levels. - **Brain Drain:** Migration of highly skilled labour adversely affects economic development. - **Insufficient on-the-job-training in agriculture:** Workers are not trained to absorb new technologies.

Study Simplify SpecialImportance, Problems & Human Development
Question 150

What is human capital? Explain at least three areas where expenditure made is considered to be expenditure on human capital formation.

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