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in Human Capital Formation in India by (35.6k points)
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Trace the relationship between human capital and economic growth.

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Economic growth means the increase in real national income of a country. The contribution of the educated person to economic growth is more than that of an illiterate person. Education and health are important factors of economic growth. 

Human capital contributes not only towards increasing labour productivity but also stimulates innovations and creates the ability to absorb new technologies. Education provides knowledge to understand changes in society and scientific advancements. Higher-income causes building of high level of human capital and also the high level of human capital causes growth of income.

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