HUMAN CAPITAL FORMATION THROUGH VIRTUAL EDUCATION: CURRENT PRACTICES AND FUTURE OPPORTUNITIES

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Shekhar Saroj, Priyanka Singh, Rajesh Kumar Shastri

Abstract

Purpose – This paper aims to represent the conceptual insights into how online education is utilized for human capital formation and critically evaluate the strength, weaknesses, opportunities, and challenges of virtual education for human capital formation in a country like India where many structural problems exist prevails.
Design/methodology/approach – The research methodology is based on the descriptive account of the contemporary situation in India with regard to virtual education for human capital formation. Various secondary sources, both published and unpublished works and data from SWAYAM Portal, have been used. In this paper, The SWOC analysis has been performed to evaluate virtual education's utilization for human capital formation critically.
Findings - The strengths and opportunities of virtual education such as accessibility, flexibility, adaptability, and affordability, increase the coverage of human capital formation and add to the stock of human capital in India. Although it has several weaknesses and challenges, but through increasing the reach of the internet and technical accessories to the common people and by proper implementation of technology in education, quality education can be provided to the people of India.
Research limitations/implications – This study focuses only on the role of virtual education for human capital formation. However, many other indicators play a prominent role in building a nation's human capital. Further, the researcher could empirically evaluate the importance of virtual education in human capital formation.


Originality/value –This paper is one of the first to perform SWOC analysis to critically evaluate the role of virtual education for human capital formation in India.

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