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
A. Human Resource:
B. Natural Resources:
C.Capital Formation:
D.Technological Development:
E.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.

16. 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

17. • 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

18. 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

19. • 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.) Udaan
EDUCATION POLICIES IN INDIA