Japan, the small island country, is devoid of any major natural resource. It is frequently impacted by disasters like Tsunami and Earthquake. Still, it is the third-largest GDP of the world in nominal terms, after the USA and China. While, the Democratic Republic Of Congo, the African country, endowed with rich resource deposit does not feature even in the top 50 GDP of the world. In fact, it is currently at the 88th position. Similarly, Jharkhand, the most mineral-rich state of India, also lags on the development parameter. The answer to this dichotomy lies at the heart of the understanding of growth and development. The human capital of a region is contributed by the people of the region and their standard of living. The Standard of living is an overarching concept that cuts across many domains. It has been appositely captured in the Sustainable Development Goals (SDGs) announced by the United Nations in 2015. It includes poverty reduction, zero hunger, quality education as well as n...