Human Development is both an end as well as means of growth and prosperity. It is a process which facilitates enhancing human choices as well as capabilities. Investment in human capital essentially involves improvements in the standards of nutrition, education, health, and habitat. Also UNDP's Human Development Index (HDI) has offered a better index of development than Income index. An attempt has been made in this paper to study first, the level of achievements of human development in India in relation to the other countries. This will help to identify the gaps, suggest appropriate strategies including financial restructuring at the governmental level to be able to bring about perceptible improvements in the areas of human development in India and consequently create conditions for achieving sustained level of rapid growth with equity. Â