Human Capital and Development

The Indian Experience

  • Natteri Siddharthan
  • Krishnan Narayanan

Table of contents

  1. Front Matter
    Pages i-x
  2. N. S. Siddharthan, K. Narayanan
    Pages 1-9
  3. Savita Bhat, N. S. Siddharthan
    Pages 11-22
  4. Vinish Kathuria, S. N. Rajesh Raj, Kunal Sen
    Pages 23-37
  5. Dibyendu Maiti, Arup Mitra
    Pages 39-54
  6. Rashmi Banga, Pritish Kumar Sahu
    Pages 77-101
  7. Diganta Mukherjee, Uday Bhanu Sinha
    Pages 103-128
  8. Back Matter
    Pages 147-155

About this book


The papers included in this volume cover several aspects of human capital. It starts with the role of human capital in influencing productivity, employment and growth of employment. The chapters show that Indian States that have been neglecting schooling and health facilities have become victims in terms of low productivity and lower rates of employment. Consequently, employment cannot be increased without spending on education and health. Furthermore, the unorganised sector in India cannot provide gainful employment as productivity in this sector is low and is also declining. Skill intensity influences mainly productivity in the organised sector. As a result, states that have been neglecting human capital would lose on both counts.

The chapters also reveal that human capital could be substituted for energy use and help in reducing energy consumption and pollution. India is also one of the important exporters of human capital and the non resident Indians send remittances back to India. The volume indicates that remittances play a significant role in poverty reduction and increase in per capita consumption levels. In addition remittances, unlike foreign direct investments and portfolio investments, are less erratic and are not influenced by slowdown in the world economy. Poverty could also be directly attacked through the use of anti poverty programmes like NREGA. This volume provides an analytical framework and a theoretical model to analyse the impact of these programmes to examine their influence on labour demand, income, prices and productivity. The volume also emphasises the crucial role of the government in directly running education institutions. As seen from the volume government run engineering institutions are technically more efficient than the private run ones.


Development Education Energy Human Capital Skill Formation

Editors and affiliations

  • Natteri Siddharthan
    • 1
  • Krishnan Narayanan
    • 2
  1. 1.Madras School of EconomicsChennaiIndia
  2. 2., Humanities and Social SciencesIndian Institute of Technology BombayMumbaiIndia

Bibliographic information