12.What is the likely impact of 'Sarv Shiksha Abhiyan ' and 'Skill India Compaign ' on PPC
of the Indian economy ?
Dear Student
Sarva Siksha Abhiyan program is a literacy drive program that is meant to promote education and eradication of illiteracy. So we can also say that more educated, skillful human resources will raise the labor available in the economy in qualitative sense or as a number of man-days or man-hours in the long run. Hence the Production Possibility Frontier may shift rightward since the production capacity is also increasing due to the expansion of resources in a qualitative sense.
Skill India campaign aimed at Human Capital Formation. it will increases the capacity and skill of human resources.It improve the skills of existing workforce and production will automatic increase and economic growth happens. PPC Shifts Rightward.
Regards
Sarva Siksha Abhiyan program is a literacy drive program that is meant to promote education and eradication of illiteracy. So we can also say that more educated, skillful human resources will raise the labor available in the economy in qualitative sense or as a number of man-days or man-hours in the long run. Hence the Production Possibility Frontier may shift rightward since the production capacity is also increasing due to the expansion of resources in a qualitative sense.
Skill India campaign aimed at Human Capital Formation. it will increases the capacity and skill of human resources.It improve the skills of existing workforce and production will automatic increase and economic growth happens. PPC Shifts Rightward.
Regards