Education And Economic Growth Are Correlated

by Hasmita Dholakia Content Writer

We all adults after crossing 30+ ages very well understand the importance of higher education in life and its right time to acquire it. People experiences have calculated that higher education in life is a golden ticket to lead a meaningful and luxurious life. Majority of students understand it after crossing the right age to attain the higher degrees. In many educational institutes, the students are given counseling in their higher grades to reveal their interest and explain to them which is the right path for them to select that leads to good life.

Every year, in our CBSE schools in Amravati, we set a group discussion for 10^th and 12^th grade students aiming to know their thoughts and future career plans. It is noticed that students are unaware of the importance of higher education and the struggles that adheres to life due to lack of higher and quality education.

They knew that education improves the quality of life, but many of them are still not mentally prepared to face that toughest preparation that is crucial for attaining it. There is a plethora of researches displaying the correlation between quality life and higher education. It is better to understand that higher education is not an option, but it’s a real need, a right resource for every individual to attain higher successes in life.

It is also observed among the students of CBSE board schools in Amravati that many students are framing them for future higher studies, have good plans and determination, but some of them are withheld from higher education due to unbearable education cost. They are seen struggling with their dreams of acquiring higher degrees.

Due to raising education cost, higher degrees have become a limitation for potential students. It can be sort out to some extent if not entirely removed by lowering the college fees, coaching classes fees, and faculty support. The individuals are targeting private colleges as the government colleges education is now no more marked with the same standards as private.

Benefits of higher and quality education

Economic growth is directly affected

Education affects largely on economic growth and its stability. Countries thrive when their education system improves and thrive. Education and economic growth are correlated. The present situation and condition demands school reform to improve education and make it ways easier to achieve higher degrees. It will directly affect the economic progress and strengthens national economic competitiveness.

You must have noticed that highly educated individuals are in positions to bring in more cheques compared to those who are lacking in their education. Are we aware of education’s true implications? Sometimes, education has terrific economic unwelcome outcomes. Making bombs and warrior equipment are one of the examples. But, comparing the positive outcomes, there are rare economic unwelcome ramifications.

Highly educated people’s personal and societal life differs from those lacking in education. Educational outcomes hugely affect the economic growth and income distribution. On a few researches, it is found that the education difference is the reason for rise in wage inequality between employees. Employment is affected by education level and quality. More the employment means more the economic and personal growth. More highly educated the country’s citizens will be more the country experiences economic growth.

Conclusion

Higher education is restricted to many for its high cost fees. It can be made feasible for many others by lowering the fees of private educational institutes and proffering quality education in government institutes.

The researches pen down that support from educational institutes for attaining higher degrees gives access to individual for a better life.