Human Capital Formation In India — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsHuman Capital Formation In India4 Marks
Question
Education is a challenging proposition for Indian economy. Discuss.
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Answer
Indian Constitution has provided for free and compulsory education for all children aged between 6-14 years. It is a big challenge for our economy. These challenges include:
Gender Inequality: There is a wide gap between enrollment ratio of females and males in India. Females' drop out ratio is also very high.
Urban-Rural Bias: There is a large gap between access to education in rural and urban areas. Even till present day, only 75% of rural kids are attending school.
Higher education-a few takers: Very few people are going for higher education in India. The rate is considerably low in rural areas.
Less government expenditure on education: Education Commission had recommended spending 6% of GDP on education. Even at present little over 4% is being spent on education.
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