INDIA’S

Education and its importanceIn such

competitive world, it is must for all to have good educational makes us strong mentally, socially and

Economy and its importanceFraction of the monumentally large and complicated puzzle t makes up the economy. It is important Understanding at least the basic mechanisms of a nation's economy is essential if one is to be a better-informed citizen and voter. Further, knowledge of the economy may influence your choice of careers or encourage a decision to change occupations.

History of education in IndiaThe history of education in the South Asia began with teaching of traditional elements such as Indian religions, Indian mathematics, Indian logic at early Hindu and Buddhist centres of learning such as Taxila and Nalanda before the common era.

Early education in India commenced under the supervision of a guru. Initially, education was open to all and seen as one of the methods to achieve Moksha in those days, or enlightenment

The earliest venues of education in India were often secluded from the main population. Students were expected to follow strict monastic guidelines prescribed by the guru and stay away from cities in ashrams.

Recent Education in India•Enrolment in higher education has increased steadily over the past decade.•There still remains a significant distance to catch up with tertiary education enrolment levels of developed nations

•Education in India is provided by the public sector as well as the private sector, with control and funding coming from three levels : •Central• state•Local Under various articles of the Indian Constitution, free and compulsory education is provided as a fundamental right to children between the ages of 6 and 14

India's improved education system is often cited as one of the main contributors to its economic development .

Of India’s economy

Recent Economy of IndiaThe economy of India is the seventh largest economy in the world measured by nominal GDP and the third-largest purchasing power parity (PPP).

The country is classified as a newly industrialised country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7% over the last two decades.

Maharashtra is the wealthiest Indian state and has an annual GDP of US$220 billion, nearly equal to that of Portugal , and accounts for 12% of the Indian GDP followed by the states of Tamil Nadu (US$140 billion) and Uttar Pradesh (US$130 billion).

Economic research has revealed the importance of education as a crucial factor in economic development. Education refers to the devel opment of human skills and knowledge of the people or labour force. Contributions made by various factors such as physical capital, man- hours, (i.e., physical labour), education etc. have shown that education or the development of human capital is a significant source of economic growth. It is not only the quantitative expansion of educational opportunities but also the qualitative improvement of the type of education which is imparted to the labour force that holds the key to economic development.

Role of education in economy