Our evolving economic asset
Human Capital. A term we are increasingly encountering as societies and economies evolve. Essentially, human capital encompasses the education, knowledge, skills, know-how and health of individuals which allows them to do their job more productively.
In the context of the Indian economy, development of this Human Capital by cultivating talent and building trained and healthy human power provides one of the keys to economic growth. It is always the human behind the machines that count, not the machines behind the human. And yes, that is true even in this age of fascinating automation.
Skill enhancements are shaping the prosperity of global societies today. Considering this global economic canvas, India enjoys a demographic dividend and strategic advantage globally owing to its large youth population.
Integrated and collaborative efforts between industry, educational institutions and intellectuals for skill enhancement of our youth, to bridge the gap between academia and industry, will certainly establish a strong pillar for India’s robust economic growth. The ripples of which will benefit world economic activity. In a nutshell, it is becoming increasingly imperative to focus on the development of our human capital.