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HRD as basic infrastructure to be treated as a public good
The entire domain of activities under Human Resource Development (HRD) deserve to be recognized as a basic infrastructure to be treated as a public good for which there is a strong case for effectiveness of fiscal policy in terms of budgetary allocations under plan and non-plan heads.

The classification and not merely commodification of education as a public good/ quasi-public good (merit want) is essential for policy making for Indian education. Secondary level education which is necessary for choosing a vocation is a public good and should be provided free of cost to one and all by the Central Government.

We need to stop producing half baked products as semi educated and unemployable manpower in our educational institutions. This is essential to stop youth fall prey to destructive and anti social activities including terrorism and crimes of various kinds,

To study the educational institutions as manufacturing factories, input –output approach is justified, which should remove confusions in achieving efficiency in the utilization of financial resources.

To remove built-in inequalities (intra-generation as well as inter-generation) in India, we need to create the equality of opportunity coming from education, skills and jobs for men and women who needs to modify their mental makeup in present era of competition both healthy as well as unhealthy at all levels.

Through real education as a proper, productive and practical (3P) use of hands, heads ad hearts (3H), we can achieve morality, opulence, victory and empowerment to participate in socio-economic development with common sense.

(Dr. Madan Mohan Goel is Professor of Economics & Dean, Faculty of Social Sciences, Kurukshetra University, Kurukshetra. He has also authored a book titled ‘Economics of Human Resource Development of India’)

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