Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
6. India is home to a vast and diverse human capital. The country’s population of over 1.3 billion people is its biggest asset. However, despite its massive workforce, India still has a long way to go in terms of harnessing its human capital. Discuss. (250 words)
Difficulty level: Easy
Reference: The Hindu , Insights on India
Why the question:
The last few years have ushered in a harsh new reality where crises are the norm rather than the exception. Pandemics, economic slumps and extreme weather events were once tail-end risks, but all three have hit South Asia in rapid succession since 2020. COVID-19 alone put millions of lives and livelihoods at risk, and its impacts have already undermined decades of development gains.
Key Demand of the question:
To write about human capital and ways to harness it.
Directive word:
Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Begin by defining human capital.
Body:
First, in detail write about the human capital scenario of India – education, healthcare, women empowerment, entrepreneurship, technology, infrastructure, and skilled migration etc. Write about the benefits of harnessing human capital.
Next, write about the various impediments to India harnessing its human capital and ways to overcome those impediments.
Conclusion:
Conclude by writing a way forward.
