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There exists a clear relationship between education and economic growth. Over the past 30 years, there have been number of studies by conducted economists about the connection between education and economic growth. There are actually many publications which provide strong evidence that suggests a correlation between the two. This paper attempts to build upon previous publications and to introduce a unique insight along with contemporary evidence about the relationship between education and economic growth in India from 1986 to 2022 For an economically developing country like India, where the demand for a quality skilled workforce is very high it becomes necessary to keep a check on the quality of education provided in the higher education system
The relationships are examined by utilization of econometric estimations with the Granger Causality Method and the Co integration Method. These methods are used to create models that could shed light on the claim that education plays a central and significant role in economic growth of India which could consequently be used as an example for similar countries in Asia or around the world. The findings of this work show that there is compelling evidence proving a positive connection between education levels and economic growth in India which might influence governmental actions and shape the future of India.
Keywords:
Education, Gross Enrolment Rate, Economic Growth, Impact, India, Asia
Cite Article:
"GENDER WISE EDUCATION AND ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE CASE OF INDIA ", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 2, page no.322 - 331, February-2023, Available :http://www.ijrti.org/papers/IJRTI2302052.pdf
Downloads:
000205219
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator