Question

Explain the role of quality education in human capital formation in a country.

Answer 1

• In India, high-quality education is necessary for the development of human capital since it fosters the knowledge, skills, and capacities that are vital for both social and economic advancement.
• A population with higher levels of education is more innovative, productive, and able to adjust to new technologies, all of which propel economic expansion.
• By increasing prospects for work and personal growth, education also lowers poverty, encourages social mobility, and enhances general well-being. Therefore, making investments in high-quality education is essential to maximizing India's demographic dividend and creating a bright future.