India has a rapidly growing population of over 1.27 Billion. As 65% Indians are under the age of 35 years, we can say that it is a young population. While this youthful population is a great advantage to India, its value can only be realized if the population is converted into Human Capital. Thus Human Capital creation is of great significance to India. It is important to understand what really human capital is and what can be done to increase it. This paper explores the concept of human capital taking a holistic economic view of how human beings function in the economy.