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.
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Answer :
(a) The given statement is not true to perfection.
Explanation : 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.
(b) The given statement is not true.
Explanation : 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.