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  • Investments in education and health results in the creation of human capital which are essential for the growth of an economy.
  • Studies have shown that India has the capacity to become one of the four fast growing economies because of our huge human capital base.
  • The human capital formation is done through expenditure in education, health, on the job training, migration and information.
  • The concept of physical capital and human capital are analogous.
  • Human development and Human capital formation are two fundamentally different concepts.
  • Human development requires investments in education and health even if the investments are not fruitful.
  • The government has earmarked a lot of funds to promote education but higher education has to be encouraged even further and it should increase employability too.

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