Education and economic growth

Education and economic growth dropout ratios Educaton budget littercy rate economic growth problem of Educaton system suggestions to improve education system State wise ambala haryana india

1. Education and economic growth Prepared by. Gourav garg m.A eco

2. Economic growth Economic growth can be defined as a positive change in the level of goods and services produced by a country over a certain period of time. An important characteristic of economic growth is that it is never uniform or same in all sectors of an economy For example, in a particular year, the telecommunication sector of a country has marked a significant contribution in economic growth whereas the mining sector has not performed well as far as the economic growth of the country- is concerned.

3. factors of economic growth Human Resource: Natural Resources: Capital Formation: Technological Development: Social and Political Factors:

4. How education Benifits a nation Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society. Education raises people’s productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.

5. Role of education in economic growth

6. Economic channel

7. Technical channel

8. Societal and institutional channel

9. The Return on Investment (ROI) of Education Above the economic benefits of education is an ROI that investors cannot overlook. The global rate of ROI in schooling is approximately  10 percent  for primary education, five percent for secondary education and 16 percent for university education. Social ROI of education for the world is  18.9 percent  for primary education, 13.1 percent for secondary education and 10.8 for higher education. Finally, private ROI of education for the world is 26.6 percent for primary education, 17 percent for secondary education and 19.0 for higher education. It is worth noting that girls have higher ROI for secondary education at 18 percent while boys have 14 percent. However, boys have higher ROI for primary education than girls, 20 percent versus 13 percent.

10. Problems of India's Education System India is home to the largest number of illiterate people in the world, accounting for about one-third of all illiterates percentages of failures and dropouts is very high. The quality of Indian schools is abysmal Regional disparities in a variety of educational indicators are striking. there are significant educational inequalities between different social and economic strata

11. The number of out-of-school children who are physically or mentally challenged remains a cause for concern. the spread of secondary education in India is quite limited The annual drop out rates are higher the higher education system At present suffers from several weaknesses At present In the area of technical education Various imbalances and distortions exists The cost of education increased Considerably over the years

12. Suggestions for improvement in educational system Skill-based Learning Rural Education Gender Neutral Education Teacher Training Infrastructure Subsidising Professional Courses Basic Computing In Rural Areas Make Sports Compulsory Educate Parents Remove The Reservation System

13. National education policy,1968 National policy on education 1986 and 1992 Right of Children to Free and Compulsory Education Act, 2009 (RTE Act) Elimentry and Secondary Education Schemes 1.)Sarva Sbiksha Abhiyan ( SSA) 2.)padhe Bharat -Badhe Bharat 3.)Rashtriya Madhyamik Shiksha Abhiyan (RMSA) 4.) National Programme of Mid-day Meals in Schools 5. ) Kasturba Gandhi Balika Vidyalaya ( KGBV) 6. ) National Programme for Education of Girls at Elementary Level ( NPEGEL) 7. ) U daan Education policies in india