EXAMINING THE ROLE OF EDUCATION IN ADVANCING INDIA TO A FIVE TRILLION DOLLAR ECONOMY: IMPACT ON ECONOMIC PRODUCTIVITY
Jaya Khatri, Dr. Madhu Bhatia, Prof. R.K. Maheshwari
Faculty of Commerce, University of Lucknow, Lucknow, Uttar Pradesh
Abstract
Concerning India, this research article examines the intricate relationship between gross domestic product and educational attainment. Considering the quickly changing economic environment and the growing recognition of human capital as a vital growth engine, the aim of this study is to present a thorough examination of the ways in which varying degrees of educational attainment affect economic output. This study employs a longitudinal case study approach and quantitative analysis to find the complexities of the relation between productivity and schooling. The conceptual framework provides a theoretical structure to direct the research by drawing on well-established theories in economics and education. The study's methodology relies on the extensive collection of data from various sources, like national surveys and educational records. Descriptive analysis is used in the research design to analyse the data with an emphasis on comprehending the longitudinal dynamics and trends. The study's findings provide strong proof of the connection between economic output in India and educational achievement. The discussion part explores more complex interpretations of the data, considering factors that are specific to the Indian setting, than just statistical correlations. To sum up, this research reveals the intricate connection between economic output and academic success, highlighting the necessity of focused policies and initiatives in order to fully use India's human capital.
Keywords: educational attainment, economic productivity, economic growth
Journal Name :
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EPRA International Journal of Economic and Business Review(JEBR)
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Published on : 2024-09-28
Vol | : | 12 |
Issue | : | 9 |
Month | : | September |
Year | : | 2024 |