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India's IT revolution is a striking instance of how the importance of _____ has come to acquire a higher position than that of material, plant, and machinery.
- a)Population
- b)Land resources
- c)Human capital
- d)Physical capital
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
India's IT revolution is a striking instance of how the importance of ...
The statement highlights that the significance of human capital has risen above that of material, plant, and machinery in the context of India's IT revolution. Human capital refers to the stock of skill and productive knowledge embodied in individuals.
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India's IT revolution is a striking instance of how the importance of ...
Understanding India's IT Revolution
India's IT revolution serves as a prime example of how human capital has become more significant than traditional resources like material, plant, and machinery. Here’s why human capital stands out:
1. Definition of Human Capital
- Human capital refers to the skills, knowledge, and expertise possessed by individuals.
- In the context of IT, it encompasses software engineering, data analysis, and digital literacy.
2. Role of Education and Skills
- India's investment in education, particularly in engineering and technology, has created a skilled workforce.
- Institutions like IITs and NITs have produced highly competent professionals who drive innovation.
3. Innovation and Creativity
- Human capital fosters creativity, enabling the development of new technologies and solutions.
- Innovative thinking leads to the growth of startups and tech companies, enhancing the IT landscape.
4. Global Competitiveness
- A well-trained workforce has positioned India as a global IT hub, attracting foreign investments.
- Companies prefer to set up operations in India due to the availability of skilled labor at competitive costs.
5. Shift from Physical to Intellectual Resources
- Unlike physical capital, which requires significant investment and maintenance, human capital is more adaptable.
- The ability to learn and evolve with changing technologies is crucial in the fast-paced IT sector.
In conclusion, the success of India's IT revolution underscores the paramount importance of human capital over traditional resources, showcasing how knowledge and skills can drive economic growth and innovation.
India's IT revolution serves as a prime example of how human capital has become more significant than traditional resources like material, plant, and machinery. Here’s why human capital stands out:
1. Definition of Human Capital
- Human capital refers to the skills, knowledge, and expertise possessed by individuals.
- In the context of IT, it encompasses software engineering, data analysis, and digital literacy.
2. Role of Education and Skills
- India's investment in education, particularly in engineering and technology, has created a skilled workforce.
- Institutions like IITs and NITs have produced highly competent professionals who drive innovation.
3. Innovation and Creativity
- Human capital fosters creativity, enabling the development of new technologies and solutions.
- Innovative thinking leads to the growth of startups and tech companies, enhancing the IT landscape.
4. Global Competitiveness
- A well-trained workforce has positioned India as a global IT hub, attracting foreign investments.
- Companies prefer to set up operations in India due to the availability of skilled labor at competitive costs.
5. Shift from Physical to Intellectual Resources
- Unlike physical capital, which requires significant investment and maintenance, human capital is more adaptable.
- The ability to learn and evolve with changing technologies is crucial in the fast-paced IT sector.
In conclusion, the success of India's IT revolution underscores the paramount importance of human capital over traditional resources, showcasing how knowledge and skills can drive economic growth and innovation.
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India's IT revolution is a striking instance of how the importance of _____ has come to acquire a higher position than that of material, plant, and machinery.a)Populationb)Land resourcesc)Human capitald)Physical capitalCorrect answer is option 'C'. Can you explain this answer?
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India's IT revolution is a striking instance of how the importance of _____ has come to acquire a higher position than that of material, plant, and machinery.a)Populationb)Land resourcesc)Human capitald)Physical capitalCorrect answer is option 'C'. Can you explain this answer? for Class 9 2025 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about India's IT revolution is a striking instance of how the importance of _____ has come to acquire a higher position than that of material, plant, and machinery.a)Populationb)Land resourcesc)Human capitald)Physical capitalCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 9 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for India's IT revolution is a striking instance of how the importance of _____ has come to acquire a higher position than that of material, plant, and machinery.a)Populationb)Land resourcesc)Human capitald)Physical capitalCorrect answer is option 'C'. Can you explain this answer?.
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