Human Capital Formation and Economic Development: A Case Study In Lakhimpur District of Assam
Published: 2012
Author(s) Name: Biren Saikia, Bashanta Mangal Dutta
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Abstract
Economic development truly falls on human capital formation. Human capital
formation extend competency in terms of knowledge, skills, efficiency,
technology adoption, time management, labour mobility of the work force. Even
human capital formation increase welfare by reducing interpersonal and
interregional disparities. The study on human capital for economic development
is much more important in a labour surplus economy like India than a developed
nation. Available literature in this area indicates a district level study gape
especially in Assam. Therefore, this study is taken to fill the gape to some extent
and to focus the importance of human capital in economic development.
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