Tag: human capital formation in india

In education sector the highest priority is given to primary education. Primary education is the basic primary stage of education that is considered as a fundamental right for the age of 6-14 years of age. Hence, maximum importance is given. 

Main targets of Sarva Shiksha Abhiyan (SSA) $(2010)$:
(i) All children of age-group of $6 - 14$ in school/ Education Guarantee Scheme (EGS) through Centre/ Bridge Course by $2005$.
(ii) Bridge all gender and social category Gap at primary stage by $2007$ and at elementary education level by $2010$.
(iii) Universal retention by $2010$.

Under the judicial approach every employee of the organisation is considered as human resources. Employees are known as the assets of the organisation. 

Per capita education expenditure is the amount of expenditure done on education during the year. State of Bihar has the lowest per capita income. 

Education expenditure is expressed as a percentage of total government expenditure/total government expenditure. It is expressed as how much of the total income is being committed to the development of education in the country. 

The percentage of education expenditure of total government indicates importance of education in the scheme of things before the government. Percentage of education expenditure of total expenditure shows how much of the total expenditure has the government done on education thereby showing its importance. 

Elementary education takes the highest major share of total expenditure and higher education is the least. Elementary education/primary education is the basic or the first level of education and hence, government emphasises on it more. 

Education expenditure is expressed as a percentage of total government expenditure/total government expenditure. It is expressed as how much of the total income is being committed to the development of education in the country. GDP is a monetary measure of the market value of goods and services produced over the year in the country or the total expenditure on goods and services over the year or government expenditure. 

Per capita education expenditure is the amount of expenditure done on education during the year, The highest per capita expenditure is for the state of Lakshadweep. 

The main source of human capital is investment in education. People invest in education to provide knowledge to their kids and also expect future returns.