PEOPLE AS A RESOURCE

LET US RECAP

In the two case studies we saw Sakal went to school and Vilas did not go. Sakal was physically strong and healthy. There was no need for him to visit the doctor frequently. Vilas was a patient of arthritis. He lacked the means to visit the doctor. Sakal acquired a degree in computer programming. Sakal found a job in a private firm while Vilas continued with the same work as his mother. He earned a meagre income like his mother to support a family.

WHAT IS VICIOUS CYCLE AND WHAT IS VIRTUOUS CYCLE

Why is the average income of a women lower than that of men India?

Gender discrimination ?

Skill formation ?

There is also an establishment of pace setting of schools like Navodaya Vidyalaya in each district. Vocational streams have been developed to equip large number of high school students with occupations related to knowledge and skills. The plan outlay on education has increased from Rs 151 crore in the first plan to Rs 99,300 crore in 2020–21. The expenditure on education as a percentage of GDP rose from 0.64% in 1951–52 to 3.1% in 2019–20 (B.E.) and has remained stagnant around 3% from past few years.

1. Why did India set up residential schools called Navodaya Vidyalaya in each and every district of the country?

2. Which is a better proof for you to say that out expenditure in education has increased over a period of time ?

a. The plan outlay on education has increased from Rs 151 crore in the first plan(1952-57) to Rs 99,300 crore in 2020–21.

b.The expenditure on education as a percentage of GDP rose from 0.64% in 1951–52 to 3.1% in 2019–20

3. STUDY THE GIVEN TABLE AND ANSWER THE GIVEN QUESTIONS :

i. Given above is the expenditure of different countries in education expressed as percentage of GDP. India almost spends the same amount as some of the developed countries but the quality of Indian schools is nowhere near that of Japan , Singapore or USA.

Mr. X: It is a very expensive wedding

Mr. Y : No , He has not spend heavily like many Indian parents .

In fact, human capital is in one way superior to other resources like land and physical capital: human resource can make use of land and capital. Land and capital cannot become useful on its own!