siliconindia | | NOVEMBER 20229sectors),and more vowels(effective public goods). We predict, that the economic complexity of India shall make a leap, which is popularly associated with the notion that five million software jobs will increase to 12 million jobs in engineering, healthcare, and telecom combine with human capital fuel of the National Education Policy to catalyse India's transition to higher growth, complexity and wages.The human capital, plays a key role in the development of a country, but, both human capital and economic growth, play a major role in the development of a country, India always recognized the value of `human capital'. The seventh five-year plan dictates that "human resources development has necessarily to be assigned a key role in any development strategy particularly in a country like India, that possesses a large population".The points mentioned below will show the ways in which human capital and economic growth of a country is inter-dependent on each other:1. Skilled and specialized workers can handle and use complex machines, which the un-skilled workers are unable to use. This human capital increase the use of physical capital. This increases the productivity which increases the production, thereby leading to economic growth.2. Several new methods of production can be introduced, by innovative and creative human capital and these in-turn facilitate an increase of production and economic growth, in the form of an increased GDP.3. A higher rate of participation of human capital and equality among them which leads to higher employment rates, as there is an increase in employment, a rise in production is also observed, also, the standard of living improves with increased income, and also the increase in job opportunities which helps in reducing the inequalities of wealth. The improvement in employment rates and reduction of income inequalities. When the human capital formation works in the right direction, a positive picture of the society can be seen. All conventional and orthodox school of thoughts gets eradicated, and the rate of participation in the workforce increases the level of production.The major goal of this country, now, is to raise per capita GDP. The economy possess properties which can provide prosperity, for example, the domestic markets have attained critical mass, and half of all foreign direct investments since 1947 have come in the last five years. The research suggest that domestic demand-driven engineering, telecom and healthcare, now employ 42
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