What role can the government play in human capital formation in India?
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Both education and health have been considered important means for human capital formation.
The provision of basic education and health facilities has been accepted as a goal in all societies.
It is important that these facilities be made available free for the poor classes who cannot afford them in order to ensure better skills and health of manpower. However, the private sector will not be forthcoming in making large investments in areas non-profitable or free distribution of such services. Hence, the government has an important role to play to ensure their availability.
The provision of basic education and health facilities has been accepted as a goal in all societies.
It is important that these facilities be made available free for the poor classes who cannot afford them in order to ensure better skills and health of manpower. However, the private sector will not be forthcoming in making large investments in areas non-profitable or free distribution of such services. Hence, the government has an important role to play to ensure their availability.
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