Question

What are the main problems of human capital formation in India?

पर्याय

• Rising Population

• Brain Drain

• Improper Man Power Planning

• All of the above

Answer 1

All of the above

Explanation:

India faces numerous challenges in terms of human capital development. The following are some examples:

1. Rising Population:
   The increasing population puts strain on the few resources available. In other words, it reduces the availability of services such as housing, sanitation, education, and power supply per person. As a result, the strain on these facilities reduces the quality of life and the ability to learn specialised skills and information.
2. Brain Drain:
   People move from one location to another in pursuit of better work possibilities and higher pay. This poses a severe danger to the development of human capital. It results in the loss of high-caliber individuals such as doctors, engineers, and other professionals who are uncommon in developing countries. Such a loss of high-quality human capital comes at a heavy price.
3. Improper Man Power Planning:
   Nigeria lacks adequate manpower planning. There have been no significant measures to sustain the expanding labour force's demand-supply balance. As a result, human skills are squandered and misallocated.