Question:

On the basis of the given image, explain the source of human capital formation which may contribute to the economic growth in India.
source of human capital  formation

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Solution and Explanation

The given image shows young children attending school and engaging in the process of learning. This reflects the importance of education as a crucial source of human capital formation in India.

Education enhances the knowledge, skills, and productivity of individuals. By investing in quality education, the government and society are preparing a skilled and capable workforce for the future. Educated individuals are more likely to:

  • Secure better employment opportunities
  • Contribute to higher productivity
  • Make informed decisions that support economic development

Education leads to long-term economic growth by improving human efficiency, reducing poverty, and enabling innovation. 

Therefore, the image highlights education as a key source of human capital formation that plays a significant role in accelerating the economic growth of India.

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