"India recognised the importance of human capital in economic growth, in the Seventh Five Year Plan itself."
Which of the following options is true in regards to the above statement?
Answer & explanation
Correct answer: option 1
The above statement stands to be true.
The Seventh Five Year Plan says, “Human resources development (read human capital) has necessarily to be assigned a key role in any development strategy, particularly in a country with a large population. Trained and educated on sound lines, a large population can itself become an asset in accelerating economic growth and in ensuring social change in desired directions.”