THE IMPACT OF EDUCATION ON THE ECONOMIC GROWTH OF INDIA

This study delves into the crucial link between education and economic growth in India, emphasizing how investing in human capital can propel national development. Through an analysis of historical data, policy frameworks, and case studies, the research highlights the multifaceted role of education in bolstering productivity, innovation, and employability. It scrutinizes key indicators such as literacy rates, enrolment ratios, and public expenditure on education in India to illustrate their direct and indirect impacts on GDP growth. Furthermore, the paper observed the number of institutions such as universities and colleges, enrolment of students and expenditure on education by state and centre. Ultimately, the findings underscore that a robust educational framework is vital for sustaining India’s economic growth trajectory and achieving inclusive development. This study aims to analyze the relationship between the growth of the higher education sector and economic development in India. The analysis will use regression analysis and other statistical techniques based on secondary data collected from various published sources. KEYWORD: Higher Education, Economic Development, Gross Enrolment Ratio, Public Expenditure and Gross Domestic Product.