Human Resource Is The Biggest Resource

Human resources must be considered both from the angle of assets also because the liabilities are connected with the attainment of economic development. For the attainment of economic development, proper utilization of both natural also as human resources is extremely much essential. Proper utilization of natural endowments and therefore the level of production of national wealth depends considerably on the extent and efficiency of human resources. But an excessive amount of population will again eat up all the fruits of development. Thus from the purpose of view of economic welfare, it's quite essential to review human resources intimately. It should be equally stressed that citizenry is the vital instrument of production and at an equivalent time, fruits of all economic activities are rested on the betterment of conditions of living of the citizenry. Thus insight of its importance, it's quite essential to understand both in quantitative and qualitative terms, the size, rate of growth, composition, distribution, and everyone other demographic features of the population of India. Human resources are considered an important sort of resource for attaining the economic development of a rustic. Among various sorts of resources, human resources are the foremost active sort of resources. Qualitative and quantitative development of human resources is extremely much required for the right utilization of the natural resources of the country. Human capital has been playing a crucial role within the economic development of a rustic. Schultz, Kendrick, and Harbison have made some important studies recently so on means that a serious part of the expansion of national output in the USA is often attributed to increased productivity which has been mostly realized out of capital formation.

By: Khushboo

Birla School, Pilani