Need of investment on Human Capital

                     India is a developing country and it also has a large population. But like every coin has two aspects, India also has merits and demerits of it. The huge population of the country can develop the country or can collapse the country also. We have seen that the thinking of human being defines the future of the country. In the earlier time the huge populations were the liability, but now it is an asset in India. Earlier the people used to see entrepreneurs with the bad eyes, but now entrepreneurs are the creator and captain of the country.

                      If I talk about India then India has an abundance of human capital and is among the countries with the highest density of population. This abundant population can be India’s asset or liability, depending on the inputs that people get. But most of our institutions are just creating and helping to grow only dropouts and unemployables. These unemployables, dropouts, ill-educated, ill-nourished children and young population will be the working age group in the next 20-30 years, and this group will create a liability in the balance sheet of our country. We have abundant of these work group and if we will not provide the quality education, skills, and health to our people then the growth of our country will be unsustainable even when India grows to be among top three economies of the world.

                     We can achieve enormously if we invest in human capital, the biggest capital India have. I thought even today India lives in villages so we should develop our villages, small and big rural areas and the urban poor.

                     The institutions of excellence such as IITs and IIMs are providing the needed quality and education to their students which help students to get jobs in the higher position. Just imagine what would happen if the billions of people will get the same quality education. We have seen the revolutionary idea of BPO which has changed the whole business world. There can be other such great ideas which can change the whole scenario. We need just one idea. And I think these ideas can be generated by the people only then when we invest on human capital.

                      Now at the end I would like to conclude that in present time we have both the opportunity to transform our future and create an asset for our country or make a liability for our country. It will not take much time to turn our demographic dividend in to a demographic disaster if we will ignore our greatest asset that is “Human capital”.