Examine the role of education in the economic development of a nation.

Answer: If we carefully analyse the data given in this chapter, it is clear that literacy level has risen from about 17% in 1951 to 74% in 2010. During this period, life expectancy has increased and child mortality has reduced substantially. In view of these figures, it can be inferred that better education level has helped in achieving better quality of life and more productive workforce. Per capita income which was Rs. 5,700 in 1951 has risen to 38,000 in 2010; a whopping growth of 400%. P, it can be said that education has an important role to play in the economic development ofer capita income is a good indicator of economic development of a nation. Hence a nation.


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