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Human Capital Theory In India

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Human Capital Theory:-
The human capital theory is that investments are made in human resources so as to improve their productivity and therefore their earnings. Costs are incurred in the expectation of future benefits; hence, the term “investment in human resources.” Like all investments, giving good education is also one of the investments we can consider in India.
With the above we came to know that the investment made on education of humans will directly affecting in the productivity that means the people with more education will be having more skills than less educated & not educated people. The wages rises due to productivity increases and vice versa. As the wages increases the educational level of the people will again increases and …show more content…

Signalling theory is basically depending on the education of the workers and with education the skills of the workers increase. When the skills increase directly the wages will also increase irrespective of productivity.

Most Relevant Theory In India:-
Looking in to both the theories, the human capital theory is most relevant to a country like India where we have to give importance to both education levels and productivity also. Because only with higher education we cannot offer higher wages, it’s always very important that when education levels increases in the mean time the skills of workers should also improve with that productivity will also improve.
With that the human capital theory is more relevant to Indian economics. References:- …show more content…

Changes within and outside the academy are altering its character and its students. Parents in India are forced to know the importance of higher education. In present competitive world, even simple jobs require bachelor degrees; students end up attending colleges from their hometowns, apply for scholarships or drop out. With many scholarship offers, some students still miss quality education because they may not qualify for college education. Additionally, those students who attend colleges end up with struggling to meet their daily expenses because their parents spend a more portion on tuition fees only.
On the Social aspect of Higher Education in India, the Education Commission on Higher Education passed the benefits from higher education to all, persons in the country directly or indirectly all are responsible for higher fees structures, Higher education provides high paid salaries to individuals, and it develops a skilled labors and an educated citizen. There are many other aspects which influenced the fees structures in India whereas these are few

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