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.

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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