This Article is published in this book entitled "Transformation of Indian Economy". -*Dr. S. Vijay Kumar The greatest and the most precious asset of a country is its people as it is they who exploit all natural resources and potentials of a region. These people form the wealth of a nation. It is on the quality of citizens that the prosperity of a nation depends. “ Human resource refers to the size of population of a country along with its efficiency, educational qualities, productivity, organization abilities and farsightedness”. HR is a multi-dimensional and vital factor for economic development of a country. Development economics in recent years have become more people centric than before. It has rediscovered that “Human beings are both the means and th