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Growth rate of national income indicates economic growth and development of a country. The total national income is the nominal value of total output produced in a country which in turn is determined by the factor endowment of a country. Among them, human capital formation plays a major role in determining economic development of a country.

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Dr. S. N. SUGUMAR, & Dr. C. K. GOMATHI. (2020). Human Capital Formation in India. GIS Business, 15(5), 134-139. Retrieved from