Value of education for current growth in Indian economy system.
Dipankar Choudhury
Lecturer , Department of Mathematics.
BHawanipur Anchalik College, Bhawanipur.
Introduction
India’s Demographic Dividend has been a global talking point for quite some time. While the whole world is aging, India has a significant percentage of population in the young age category. This has heightened the prospects for not just India but the entire world. While India sees the demographic resource to aid its economic development, the world sees it as a huge market and potentially global workforce. Globalization has not only increased completion in world economics but also within and between the education systems. Policies and strategies that drive educational reforms have been adjusted to the new realities by creating structures in education systems that allow assessing comparing and rank ordering national and regional education performances. India is a low income developing country. There is no doubt that nearly one fourth of its population lives in conditions of misery. Poverty is not only acute but is also a chronic malady in India.
Meaning
Education for the knowledge based economy has become a buzz phrase in education policy discourse throughout the developed world and the transition economies but also increasingly in developing countries.
Typically, education reform that is targeted on serving knowledge based economics emphasizes mathematics and science, information and communication technologies, basic knowledge and skills in literacy and development of interpersonal skills. More over a successful knowledge economy also requires advanced secondary and tertiary education provision able to boost labor productivity, research and innovation.
Education – classification
A need quality Education is today’s need as it is the development of intellectual skills and knowledge which will equip learners to fulfill the needs of professionals, decision makers and trainers. The term education is a part of learning which in one sense or another, under the control of men, with the degree of control varying according to circumstances. Therefore the education can be divided into various kinds.
There are three types of education system in India and there are some brief description is given below:
i)Formal Education:
It is that which is consciously and deliberately planned for the modification of behaviors, with particular predetermined objectives in view.
ii) Informal Education:
It is not pre-planned. It is quite incidental. This education starts from the very birth of child and continues till dearth. In short, it is that modification of behavior which comes about necessarily and spontaneously, without any conscious effort for it.
iii) Milieu Education:
This kind of learning that takes place almost automatically, e.g. to walk on sidewalks; to eat certain food and to avoid others to live in houses. Milieu education is also known as social contagion. Education is not as single aim activity. Different aims represent different ways to looking at the same thing. Education aim is to be belongs to vocational, culture and happiness, moral and spiritual. In the past country, we progressed from a stage where the application of science to manufacturing techniques or to agricultural practices becomes the basis for production. Indian economic competitiveness is the key attribute of economic development and
growth. In the knowledge based economics in the last two decades expectations of education, especially the qualities desired in educated and trained people have dramatically changed.
Indian Economy
India is an under developed though a developing economy. Bulk of population lives in conditions of misery. Poverty is not only acute but also chronic. At the same time, there exist unutilized natural, resources. The co-existence of the vicious circle of poverty with the various circle of affluence perpetuates misery and foils all attempts at removal of poverty. It is in this context that an understanding of the major issues of development should be made.
Advantages in India:
India has many of the key ingredients for making this transition. It has a critical mass of skilled, English-speaking knowledge workers, especially in the sciences. It has a well-functioning democracy. Its domestic market is one of the world’s largest. It has a large and impressive Diaspora, creating valuable knowledge linkages and networks.
The list goes on: macroeconomic stability, a dynamic private sector, institutions of a free market economy, a well-developed financial sector, and a broad and diversified science and technology (S&T) infrastructure. In addition, the development of the ICT sector in recent years has been remarkable. India has created profitable niches in information technology (IT) and is becoming a global provider of software services. Building on these strengths, India can harness the benefits of the knowledge revolution to improve its economic performance and boost the welfare of its people.
Education system at Door step:
The idea of education which expects an effective and far researching influence on the impressionable minds of youth should not be alien to the national genius and culture. A glance into the past reveals that never in history has any generation of people seen such radical change in the system of education, as vast, which has affected the life of our ages tremendously. The progress of any country lies on the literacy and education of its population as it gives the required discrete power to judge and rationalize the events on natural surroundings as well as in the social conditions. A good judgment towards these aspects prevails in the mind of the truly educated one. The purpose of education cannot be just money making but truly man making. In the light of the above statement, the investigator would like to present the analysis on the four of the effectiveness and growth of the development of Indian Economic System.
Role and importance of Education:
Generally, at the start of a very young age, children learn to develop and use their mental, moral and physical powers, which they acquire through various types of education. Education is commonly referred to as the process of learning and obtaining knowledge at school, in a form of formal education. However the process of Education does not only start in a child first attends school. Education begins at home one does not only acquire knowledge from a teacher, one can learn and receive knowledge from a parent, family member and even as acquaintance. In almost all societies at any school and receiving an education is extremely vital and necessary if are wants to achieve success. However, unfortunately we have places in the world where not everyone has an opportunity to receive this formula type of Education. Learning subjects in school is not enough one can learn history, mathematics, science in school, and the "book smart" in addition, one can learn how to live life by knowing what to say when, acting a certain way in certain situations and be "street-smart". The above two types of knowledge are extremely essential to the successful in life. But no matter what, education is the key that allows people to more up in the world, seek better jobs, and ultimately succeed fully in life. Education is very important and to develop the Indian economy systems is very objectively.
Role of Education in the Economic growth:
The growth of the economy and development of a country is depending upon the education system of that particular country. A perfect and successful batch of youth of a country is come from education sector.
Many foreign / abroad countries including India, China, Australia, New Zeeland, Singapore and many other developing moves started to welcome more international students. As they bring different ideas, culture as well
as foreign incomes in the form of fees structure, living expenses and other daily expenses. Whereas those developed countries like UK, USA Canada and other developed European countries already open doors for international students and these countries are always emphasis on improving their education structure, developing more colleges and universities on country side areas and always in a way to update their course content on regular. India has also launched many types of different degree courses offered by various universities and colleges of India. But more as times goes on, Indian Education Development has very well improved and now started many programmers and degree courses at International of standard along with the implementation of grading system in middle school that brings relief to middle school students and make them motivated to work hard to complete with co-operate world. The story of education in India is a paradox. Twenty percent of Indian get a fairly decent education, and in a nation of 1.2 billion, this is huge number and helps to explain why India has become the back office of the world. Government schools have failed in India, and this is why one-third of Indians children attend private schools. The Government has implicitly recognized its failure and requires that a fourth of the seats in all private schools be reserved for the poor, whose fees are subsidized by the Government.
Concluding Discussion:
Education reforms currently planned or implemental throughout the world need to include deeper and more comprehensive analysis of what and how schools and leaders should do in order to contribute to the development of Indian economic system of the countries. The emergence of the network society and knowledge based economics appear to be a powerful justification for education reforms in developed countries. Living in and working for a world of innovations requires fundamentally different attitudes, knowledge and skills from the citizens. Technological adaptation and innovation have been the main drivers of economic growth in developed countries sin the world war 2nd and are praying to be important factors also in many developing countries. Successful economic complete on the basis of high values, not only low cost. High value is best guaranteed by well trained and educated personnel and flexible lifelong learning opportunities for all citizens. The most frequently presented general idea for increasing Indian economic development is to equip people with the skills and attitudes success in an increasingly knowledge based economy. The Indian Economic growth and development is built on three central ideas.
1. Economic growth can be analyzed within macroeconomic environment, the quality of public institutions and technology.
2. Technological advance is the ultimate source of growth but its origins may be different across countries.
3. The importance of the determinates of economic development for core and non-core innovators. Based on these commonly used determinants of economic development and growth various indicators of knowledge economy, three core domains have been utilized to explain economic growth.
4. Education and training.
5. Use of information and communication technologies.
6. Innovations and technological adoption.
The list goes on: macroeconomic stability, a dynamic private sector, institutions of a free market economy, a well-developed financial sector, and a broad and diversified science and technology (S&T) infrastructure. In addition, the development of the ICT sector in recent years has been remarkable. India has created profitable niches in information technology (IT) and is becoming a global provider of software services. Building on these strengths, India can harness the benefits of the knowledge revolution to improve its economic performance and boost the welfare of its people.
Education system at Door step:
The idea of education which expects an effective and far researching influence on the impressionable minds of youth should not be alien to the national genius and culture. A glance into the past reveals that never in history has any generation of people seen such radical change in the system of education, as vast, which has affected the life of our ages tremendously. The progress of any country lies on the literacy and education of its population as it gives the required discrete power to judge and rationalize the events on natural surroundings as well as in the social conditions. A good judgment towards these aspects prevails in the mind of the truly educated one. The purpose of education cannot be just money making but truly man making. In the light of the above statement, the investigator would like to present the analysis on the four of the effectiveness and growth of the development of Indian Economic System.
Role and importance of Education:
Generally, at the start of a very young age, children learn to develop and use their mental, moral and physical powers, which they acquire through various types of education. Education is commonly referred to as the process of learning and obtaining knowledge at school, in a form of formal education. However the process of Education does not only start in a child first attends school. Education begins at home one does not only acquire knowledge from a teacher, one can learn and receive knowledge from a parent, family member and even as acquaintance. In almost all societies at any school and receiving an education is extremely vital and necessary if are wants to achieve success. However, unfortunately we have places in the world where not everyone has an opportunity to receive this formula type of Education. Learning subjects in school is not enough one can learn history, mathematics, science in school, and the "book smart" in addition, one can learn how to live life by knowing what to say when, acting a certain way in certain situations and be "street-smart". The above two types of knowledge are extremely essential to the successful in life. But no matter what, education is the key that allows people to more up in the world, seek better jobs, and ultimately succeed fully in life. Education is very important and to develop the Indian economy systems is very objectively.
Role of Education in the Economic growth:
The growth of the economy and development of a country is depending upon the education system of that particular country. A perfect and successful batch of youth of a country is come from education sector.
Many foreign / abroad countries including India, China, Australia, New Zeeland, Singapore and many other developing moves started to welcome more international students. As they bring different ideas, culture as well
as foreign incomes in the form of fees structure, living expenses and other daily expenses. Whereas those developed countries like UK, USA Canada and other developed European countries already open doors for international students and these countries are always emphasis on improving their education structure, developing more colleges and universities on country side areas and always in a way to update their course content on regular. India has also launched many types of different degree courses offered by various universities and colleges of India. But more as times goes on, Indian Education Development has very well improved and now started many programmers and degree courses at International of standard along with the implementation of grading system in middle school that brings relief to middle school students and make them motivated to work hard to complete with co-operate world. The story of education in India is a paradox. Twenty percent of Indian get a fairly decent education, and in a nation of 1.2 billion, this is huge number and helps to explain why India has become the back office of the world. Government schools have failed in India, and this is why one-third of Indians children attend private schools. The Government has implicitly recognized its failure and requires that a fourth of the seats in all private schools be reserved for the poor, whose fees are subsidized by the Government.
Concluding Discussion:
Education reforms currently planned or implemental throughout the world need to include deeper and more comprehensive analysis of what and how schools and leaders should do in order to contribute to the development of Indian economic system of the countries. The emergence of the network society and knowledge based economics appear to be a powerful justification for education reforms in developed countries. Living in and working for a world of innovations requires fundamentally different attitudes, knowledge and skills from the citizens. Technological adaptation and innovation have been the main drivers of economic growth in developed countries sin the world war 2nd and are praying to be important factors also in many developing countries. Successful economic complete on the basis of high values, not only low cost. High value is best guaranteed by well trained and educated personnel and flexible lifelong learning opportunities for all citizens. The most frequently presented general idea for increasing Indian economic development is to equip people with the skills and attitudes success in an increasingly knowledge based economy. The Indian Economic growth and development is built on three central ideas.
1. Economic growth can be analyzed within macroeconomic environment, the quality of public institutions and technology.
2. Technological advance is the ultimate source of growth but its origins may be different across countries.
3. The importance of the determinates of economic development for core and non-core innovators. Based on these commonly used determinants of economic development and growth various indicators of knowledge economy, three core domains have been utilized to explain economic growth.
4. Education and training.
5. Use of information and communication technologies.
6. Innovations and technological adoption.
Reference:
1) Agrwal, (2006) : “Higher Education in India” : The need for change, Indian council for research on international relations.
2) Bhargava (2006): “Knowledge and National Development”, paper presented in the National seminar on the Education commission organized by NUETA.
3) Datt & Sundaram (2007) : “Indian Economy”; Gauravdatt and Ashwani Mahajan, S.Chand and Company Ltd., New-Delhi.
4) Gupta, Asha (2005) : “International trends in Higher Education on the Indian scenario”.
5) Patel.I.G (2003) : “Higher Education and Economic Development”, National and International Perspectives
6) University Grant Commission (U.G.C) (Various years) annual reports, U.G.C, New-Delhi.
7)Role and Importance of Educational for Effective Growth of Indian Economy: An Overview by Sri E. Sreenivasulu.
8) Various papers and journels.
1) Agrwal, (2006) : “Higher Education in India” : The need for change, Indian council for research on international relations.
2) Bhargava (2006): “Knowledge and National Development”, paper presented in the National seminar on the Education commission organized by NUETA.
3) Datt & Sundaram (2007) : “Indian Economy”; Gauravdatt and Ashwani Mahajan, S.Chand and Company Ltd., New-Delhi.
4) Gupta, Asha (2005) : “International trends in Higher Education on the Indian scenario”.
5) Patel.I.G (2003) : “Higher Education and Economic Development”, National and International Perspectives
6) University Grant Commission (U.G.C) (Various years) annual reports, U.G.C, New-Delhi.
7)Role and Importance of Educational for Effective Growth of Indian Economy: An Overview by Sri E. Sreenivasulu.
8) Various papers and journels.
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