In the wake of the information technology revolution in India, which of the following capitals has been occupying the most dominant position?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Human capital.
In the context of the information technology revolution in India, human capital has occupied the most dominant position among the options given.
The IT sector’s rapid growth and global competitiveness have been driven primarily by the availability of a large pool of skilled and creative professionals—engineers, programmers, and technical experts. Research shows that states with higher levels of human capital, particularly engineering graduates, have seen greater growth in software exports and IT industry development. The abundance of human capital has created a comparative advantage for India in software services and IT-enabled industries, far outweighing the roles of material, plant, or machinery in this sector’s success.