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State whether the following statements are true/false, with valid arguments:
a. Human Capital and Human Development are one and the same thing
b. India has a poor stock of technical manpower.
Answer:
- The given statement is not true to perfection. These two may sound similar but are not exactly same. Whereas, human capital considers education and health as a means to increase labour productivity, human development is based on the idea that education and health are integral to human wellbeing.
- The given statement is not true. India has a rich stock of scientific and technical manpower in the world. Also, India has taken a number of steps to improve it qualitatively and ensure that they are optimally utilized.
