• Human capital, encompassing education, skills, health, and productivity

  DOI:DOI:18.A003.aarf.J14I01.010286

SK Raghupathula

Abstract: Human capital, encompassing education, skills, health, and productivity, has gained center-stage in modern economies as a prime determinant of economic development. In contrast to traditional growth factors embodied by land and physical capital, human capital contributes to economic progress through knowledge creation, innovation, and the assimilation of technologies that promote an increase in efficiency in labour. Its importance becomes all the more vital as economies increasingly assume a knowledge-based structure. This finds particular relevance in developing countries like India, which seek inclusive and sustainable growth.