PPT On Education And Economic Growth. About Economic Growth, Economic Development, Education, Growth Of Education In India

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2. Economic Growth
Economic
Development
Education
Growth of Education
in
India
More About
Economic Growth

3. Economic Growth is regarded as the most significant
economic and social challenge faced by mankind
today. India, like many other underdeveloped
countries, has taken steps in the direction of economic
development.
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4. In the last seven years or so (i.e., since 2004) India has emerged as one
of the fastest growing economy of the world. In fact, next to China,
India’s growth rate since 2004 is the highest in the world. The Indian
economy is characterized by population bursts, poverty, unemployment
and child labour. These rising issues have become a major concern for
the Indian economy but yet have proven to bring a raise in the Indian
economy for the 2011 year. This economic burst will not be sustainable
for the Indian economy in the approaching years.
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5. It is difficult to give a prcise definition of economic
development. There is no universally acceptable definition of
economic development. Different economists have used the
term ‘economic development’ to convey different meanings.
Hence, different economists have defined economic
development differently, depending upon which aspect of
economic development they want to emphasize – output,
distribution of income, poverty, etc.
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Education is required not only for its own sake, but it is also an important factor in
economic development.
It contributes to economic development in various ways:
 It raises the level of understanding of the people
 Education plays an important role in providing basic skills to the people. Education
enables people to acquire skills and talents.
 Education helps people to participate in developmental activities. Educated people
are more conscious of their responsibility towards society and development of the
country. Greater participation of people in the process of development promotes
economic development.
 Education improves the quality of life. It is considered a necessary input for better
living. Education helps in bringing about improvement in health, hygiene,
productivity, and other components of quality of life.
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7. 1950-51 2009-10
Number of Schools
Number of Students
2.23 lakh
22.3 million
11.9 lakh
195.1 million
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Growth of Elementary Education in India (1950-51 to 2009-10)
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8. End