Choose if the given statement is True/False.

India is likely to achieve a higher growth rate than China in the next 10 to 15 years.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is true.
India is likely to achieve a higher growth rate than China in the next 10 to 15 years. The country's enormous population is viewed as a burden, but when investments are made in their training, health, and education, the population is transformed into human capital. Investment in human resources gives higher returns in the future in the following ways:

Educated and healthy people are more skilled, and they earn more and produce more, which leads to growth in the income of the nation.

A person can earn more income due to the higher productivity of more educated or better-trained individuals, which thus contributes to human capital formation.

Human resources create demand in the economy, which helps the industry to grow.

An Educated person contributes to the country's economy by paying taxes.

Watch 3-min video & get full concept clarity