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  Published Paper Details:

  Paper Title

Empowering India: Exploring the Interplay of Education and Economic Growth

  Authors

  Dr Saroj Pandey

  Keywords

Education, Economic Growth, Skill Development, Human Capital, Policy Recommendations

  Abstract


India, one of the world's fastest-growing economies, is undergoing a transformative phase driven by urbanization, technological advancements, and demographic shifts. Education stands at the core of this transformation, recognized as a crucial driver of economic development, human capital formation, and innovation. As India strives to maximize its potential on the global stage, the nexus between education and economic growth assumes paramount significance. This paper explores the intricate relationship between education and economic growth in India, delving into various dimensions such as human capital formation, innovation, and national competitiveness. It examines the challenges hindering progress in the education sector, including inadequate infrastructure, teacher shortages, and disparities in access and quality. Through an analysis of existing literature, empirical evidence, and case studies, the paper offers policy recommendations to foster a more inclusive and equitable education system that drives sustainable economic growth. The research objectives encompass investigating the link between education and key economic indicators, assessing the influence of education on economic growth, analyzing the quality and equity of education provision, and identifying challenges and policy interventions. Hypotheses are formulated to test the relationship between education and economic outcomes, providing a framework for empirical analysis. Key findings highlight the transformative potential of education in driving economic growth, with evidence suggesting positive correlations between education attainment and economic indicators such as GDP growth and employment rates. Policy initiatives such as the National Education Policy of 2020 and the Skill India initiative underscore the government's commitment to enhancing educational outcomes and fostering economic prosperity. The paper concludes by emphasizing the critical importance of education as a catalyst for social mobility, economic development, and national advancement. It calls for sustained investments, strategic policy interventions, and collaborative efforts to overcome challenges and build a more inclusive and responsive education system that empowers individuals and fuels sustainable economic growth in India.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2407244

  Paper ID - 265330

  Page Number(s) - c1-c10

  Pubished in - Volume 12 | Issue 7 | July 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr Saroj Pandey,   "Empowering India: Exploring the Interplay of Education and Economic Growth", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 7, pp.c1-c10, July 2024, Available at :http://www.ijcrt.org/papers/IJCRT2407244.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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