Commerce Exam  >  Commerce Questions  >  "The seventh five year plans human resource d... Start Learning for Free
"The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate?
Most Upvoted Answer
"The seventh five year plans human resource development as necessary t...
Introduction:
The seventh five-year plan emphasizes the importance of human resource development in driving the overall development strategy of a country, particularly in a nation with a large population. It recognizes that investing in human capital is crucial for achieving sustainable economic growth, social development, and poverty reduction. This response will elaborate on the significance of human resource development within the context of the seventh five-year plan, explaining why it is necessary and how it can contribute to a country's overall development strategy.

Importance of Human Resource Development:
1. Enhancing productivity: Human resource development focuses on improving the skills, knowledge, and capabilities of individuals. This, in turn, leads to increased productivity levels across various sectors of the economy. Skilled workers are more efficient, innovative, and adaptable, contributing to overall economic growth.

2. Reducing unemployment: By equipping individuals with the necessary skills and knowledge, human resource development helps reduce unemployment rates. A well-trained and educated workforce is more employable and can fill the demands of various industries, leading to job creation and reduced dependency on informal and low-paying occupations.

3. Promoting inclusive growth: Human resource development ensures that all segments of society have access to education, training, and employment opportunities. By providing equal opportunities for skill development, it helps bridge the socio-economic gap and promotes inclusive growth. This is particularly important in countries with large populations, where disparities in education and employment opportunities may exist.

4. Driving innovation and technological advancements: Investing in human resource development fosters a culture of innovation and technological advancement. Skilled individuals are more likely to develop and adopt new technologies, leading to increased productivity, competitiveness, and economic growth. This is crucial for countries aiming to transition to knowledge-based economies.

5. Addressing demographic challenges: Countries with large populations often face demographic challenges such as high youth unemployment and an aging workforce. Human resource development can help address these challenges by providing young people with the necessary skills for employment, entrepreneurship, and economic participation. It also enables the upskilling and reskilling of the existing workforce, ensuring their continued employability in a changing labor market.

Integration into Development Strategy:
1. Policy alignment: The seventh five-year plan recognizes the need to align policies and programs related to education, training, and employment with the overall development strategy. This ensures that human resource development efforts are integrated and contribute to the broader goals of economic and social development.

2. Collaboration and coordination: Human resource development requires collaboration and coordination among various stakeholders, including government agencies, educational institutions, private sector organizations, and civil society. The seventh five-year plan emphasizes the importance of partnerships and effective coordination mechanisms to ensure the successful implementation of human resource development initiatives.

3. Targeted interventions: The plan highlights the importance of targeted interventions to address specific needs and challenges within the human resource development sector. This includes focusing on marginalized groups, promoting gender equality, and addressing regional disparities in access to education and employment opportunities.

4. Monitoring and evaluation: The seventh five-year plan emphasizes the need for robust monitoring and evaluation mechanisms to assess the effectiveness of human resource development programs and policies. This helps identify areas of improvement, measure progress, and ensure accountability in the implementation of human resource development initiatives.

Community Answer
"The seventh five year plans human resource development as necessary t...
Explanation: The seventh year plans human resource development is as necessary to assigned a key role in any development strategy particularly in a country with large population like India. It emphasises on the development of increased productivity and plans related to it. It is done by the upgradation of technology.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Read the following passage and answer the question that follows:Census is not only the oldest research, best-known, well-formed in terms of methodology, but also a research, which is widely regarded as the most reliable data source. As the methods of conducting the census and especially of data collecting have changed incredibly over the last decades, it seems appropriately important to address the issue of quality assessment of census.Modern technologies, its development and application in all spheres of social and economic life has also influenced population census methodology. Huge changes and modifications can be seen at every stage of the census procedure, and in principle were observed in all countries around the world.Some countries have opted for fundamental change in methodology that is the source of data, while the other only introduced some innovations in the technology of its collecting and processing. The main idea of these changes is savings, but also improvement of census data quality.To assess the quality of the census different methods may be used. The classification of sources of errors indicates coverage and content errors. In estimation of population size one of key factors in determining the census is coverage. ButConsidering the change in census methodology, besides non-random, also random errors should be discussed. As the census used data from different sources, including, registers, self-enumeration, but also sample surveys, which were integrated in one database, evaluation should be comprehensive and a clear description of estimation technique needs to be provided.Assertion (

Top Courses for Commerce

"The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate?
Question Description
"The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate?.
Solutions for "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? defined & explained in the simplest way possible. Besides giving the explanation of "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate?, a detailed solution for "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? has been provided alongside types of "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? theory, EduRev gives you an ample number of questions to practice "The seventh five year plans human resource development as necessary to be assigned a key role in any development strategy particularly in a country with a large population" elaborate? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev