This document discusses the relationship between education and economic development in India. It acknowledges those who helped the author complete an academic writing course. The introduction defines education and literacy. The aims of education are outlined as making people competent to solve life's problems and driving socio-economic development. Education improves income equality by allowing low-income individuals to pursue economic opportunities. While India has large literacy programs, it still has the world's largest illiterate population and lower literacy rates than global averages. Suggestions to improve education include increasing funding, improving teacher salaries, and allowing foreign institutions to collaborate with Indian ones. The conclusion states that education is important for economic growth and development.

1. EDUCATION & ECONOMIC
DEVELOPMENT IN INDIA
SUBMITTED BY:
KIRANPREET KAUR
APPLICATION NO:677D1BC2EFE911E9AED9BE55878835
CENTRAL UNIVERSITY OF PUNJAB, BATHINDA

2. ACKNOWLEDGEMENT
First of all,I like thankful to you almighty for giving me the strength, knowledge, ability and
opportunity to undertake this course .Further, I want to thank “academic writing course “
cordinator who provided me the platform to learn and acquire knowledge in the field of
academic writing. I also thankful to team of MOOC course “academic writing” course for
providing us informative and qualitative sessions through videos lectures, PDF files, and self
assessment quiz , graded quiz. At last but not the least I am thankful to my parents, teachers for
there help.

3. INTRODUCTION
Education is Manifest Perfection Already in Man.
 It is comprehensive training one receive throughout one’s life so as
to have “life-building, man-making, character making, assimilation of
ideas”
Literacy is ability to identify, understand, interpret, create,
communicate, compute and use printed and written materials
associated with varying context.

4. AIMS OF EDUCATION
To Make Man Competent To Solve The Problems Of Life
Key Of Socio-Economic Development
Good Indicator Of Development In A Society
Improves Life Standard And Style.
Some Special Aims Of Education Are Vocational, Knowledge, Character Building,
Cultural, Harmonies To Development Of Personality, Complete Living, Spiritual Etc,

5. EDUCATION, INCOME AND TRADE
Education Improves Income Equality
As Education Becomes More Broadly Based, Low Income People Are Better
Able To Seek Out Economic Opportunities
Education Is The Variable With The Strongest Impact On Income Equality.
The Impact Of Trade Openness On Long Term Growth Thus Depend On How
Well People Are Able To Absorb And Use The Information Technology Made
Available Through Trade And Foreign Investments

6. EDUCATION SCHEMES IN INDIA
National Literacy Mission, 1988
Sarva Siksha Abhiyan, 2001
Mid Day Meal Scheme, 2002
Right To Education Act, 2009

7. INDIA’S POSITION IN WORLD
Largest Illiterate Population In The World. A Study Done In 1990 Estimated
That It Would Take Until 2060 For India To Achieve Universal Literacy At
Then-current Rate Of Progress. The 2011 Census Indicated Decadal Literacy
Growth Of 9.2 Percent, Which Is Slower Then Growth Seen During The
Previous Decade.
World Average Literacy At Present Is 84% Whereas India Having 74.04%
With Male Literacy Rate Is 82.14%, Female 65.46%. The sectors with the
highest allocated budgets are Interest, Defence and Subsidies. Education
remains one of the least valued at 3.5 per cent. India ranks 124th in
literacy rates as per several sources and given the education sector budget
we might not see a rise in rankings this year.

8. PROBLEMS AND SUGGESTIONS
Problems: Lack of funds, Expensive higher education, Neglect of Indian
languages, Problem of Brain drain, Problem of Brain drain, Mass illiteracy,
Wastage of resources, General education oriented, Problems of primary
education
Suggestions: Government and their bureaucracies will have to free up
institutions, Teacher to student ratio, The teachers need to be paid better,
Indian universities need to internationalise themselves, focus on low capital-
intensive skill-based education. Foreign educational institutions should be
allowed to enter into collaborations with Indian institutions

9. CONCLUSION
The education system in India has seen many ups and downs, but at the same
time it has produced some brilliant gems, who are raising the flags of India
across globe.
Government of India has prioritised education sector and has taken some of the
major initiatives to provide quality education. Today, the need of the hour is to
effectively implement these initiatives to its maximum extent.
Hence Education is very important to economic development, no economic
development is possible without good education. A balance education system
promotes not only good economic development but productivity and generates
per captia income, Its influence is noticeable at the micro level of an individual
family.

10. REFERENCE
Available http:// findarticlas.com
www.yourarticleliabrary.com
http://ideas.repec.org>pra
http://www.econlib.org>liabrary

11. THANK YOU