How human resources affects the economic development of the country.

1. Human Resource facilitates
Economic Development
Presented by - Vishal Singh Jadoun

2. What is Human resource?
Human resources means the size of population of a country
along-with its efficiency, educational qualities, productivity,
organisational abilities and farsightedness.
To get a picture of human resource more clearly, we can
relate it to human capital. Human capital implies the abilities,
skills and technical knowhow among the population of the
country. A country should introduce manpower planning for
the development of its human resources.

4. Importance of Human Resource
● Proper Utilisation of resources
● Increased Production
● Development of skills
● Increased volume of Output
● Tool for Economic change
● Improving Quality of life

5. Coale and Hoover Model
A.J. Coale and E.M. Hoover (1958)
Indicated that the rate of economic growth in developing
countries is primarily determined by two factors -
1. The growth in labour force; and
2. The amount of capital available per labourer

6. Know the population!

7. Per capita GDP
Per capita GDP is a measure of the total output of a country
that takes gross domestic product (GDP) and divides it by the
number of people in the country. A rise in per capita GDP
signals :
- Growth in the economy and
- Tends to reflect an increase in productivity.
We will be using Per Capita GDP as a scale.

8. Country Population(Million)/Position GDP(Trillion)/Positio
n
UK 66 (8) 2.6 (5)
US 323 (3) 18.5 (1)
Germany 82 (7) 3.4 (4)
Japan 127 (6) 5 (3)
India 1250 (2) 2.2 (6)
China 1300 (1) 11.2 (2)
Russia 144 (5) 1.23 (8)
Brazil 207 (4) 1.7 (7)

10. Working class as a Human Resource

11. Definition
The working class includes all those who have nothing to
sell but their labor-power and skills. It includes both
white and blue-collar workers, manual and mental
workers of all types, excluding only individuals who
derive their income from business ownership and the
labor of others.

12. Median Age
Median Age is the age that divides a population into two
numerically equal groups - that is, half are older than this
age and half are younger.

13. Median Age of countries

14. Median Age and GDP

15. Points to Ponder -
● India will have lowest median age (37) and an
expected GDP of 42 trillion USD in year 2050.
● India (42 trillion USD) and China (61 trillion USD) will
be at top 2 positions in the world in terms of GDP
followed by US ( 41 trillion USD) by year 2050.
● Germany and Japan will consist of older age of
working population in 2050 (51 and 54 respectively)

16. Working-Age Statistics
The working-age population of an economy is always shifting as
the demographics of a region change, with large changes having
the potential to significantly impact the economy.
For example, if you have a relatively small working-age population
when compared to the youth and retired segments, the economy
will rely on a smaller population to generate revenues, while a
larger population of youth and retired segments rely on those
working as well as available social programs.

17. Working Age Population Graph

18. Dependency Ratio as an Indicator
The dependency ratio is a measure showing the number
of dependents, aged zero to 14 and over the age of 65, to
the total population, aged 15 to 64.

19. Dependency Ratio Statistics

20. Literacy Rate and GDP

21. Adult Literacy and Per Capita GDP
A previous BBC study that shows there to be a positive
correlation between intelligence and wealth. The conclusion
graph shows a clear positive correlation between adult
literacy and GDP per capita.
Developed countries such as the US and the United Kingdom
have high literacy rates as well; poorer countries such as
Sierra Leone and Liberia have lower literacy rates as well.

23. Population with Tertiary education
Population with tertiary education is defined as those having
completed the highest level of education, by age group. This
includes both theoretical programmes leading to advanced
research or high skill professions such as medicine and more
vocational programmes leading to the labour market.
As globalisation and technology continue to re-shape the needs
of labour markets worldwide, the demand for individuals with a
broader knowledge base and more specialised skills continues
to rise.

25. India v/s Global Economy

26. 1. Major contribution
by Services sector;
and
2. Minimum
contribution by
Agriculture Sector
Global GDP

27. Indian GDP
1. Follows the same
trend as global GDP.
2. Agriculture sector
still holds a great
share of nearly 17 %
and nearly 60-70%
workforce depends
of it.
3. Due to urbanization
and IT development,
Services Sector hold
the largest GDP
share.

28. India & China Predictions

29. China’s One Child Policy
China’s one child policy is the country’s official attempt at
population control. It was implemented in 1979 and
finally ended in 2016.
Population(expected) in 2050 - India ( 1.57 billion)
China ( 1.46 billion)

30. India & China
China and India to
produce 40% of
global graduates by
2020.

31. What can you do as an IT engineer?
Even after being the one of the largest population in the world, India lags behind
few of the topmost GDP countries in the world. With such a great share in GDP
by services sector, we have a ocean of opportunities to explore.
With such a blooming GDP and increasing population size, we can help by
creating a product or maybe a software that can help the small businesses in
knowing their importance in creating GDP of the country. We can create
solution to the real life problems and improve quality of life.
To realize, IT is also the fastest-growing part of the economy. The IT industry
continues to be the largest private sector employer in India. India is also the
second largest start-up hub in the world with over 5200 technology startups in
2016-2017.

32. References
● http://www.economicsdiscussion.net/essays/human-
resources/essay-on-human-resources/17535
● https://www.cnbc.com/id/49472962
● https://prezi.com/vhc-mphujufx/the-relationship-
between-literacy-rate-and-gdp-per-capita-of-all-
world-countries/

33. Dedicated to
Dr. APJ Abdul Kalam

34. Thank you!