The Role of Education in Economic Development

Till recently economists have been considering physical capital as the most important factor determining economic growth and have been recommending that rate of physical capital formation in developing countries must be increased to accelerate the process of economic growth and raise the living standards of the people. Education is the most powerful weapon which one can use to change the world. Education is a social instrument through which one can achieve his her goals and shape his future. The Importance of Education is an important issue in one's life. It is the key to success in the future and to have many opportunities in our life. Education has many advantages for people. For instance, it illuminates a person's mind and thinking. It has a high rank in humanity. It increases the efficiency and enhances the mental capability of an individual. In this study, we investigate the determinants of grades of school student in India. R. Deepa | Dr. S. Selvaraj "The Role of Education in Economic Development" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4 , June 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49954.pdf Paper URL: https://www.ijtsrd.com/humanities-and-the-arts/education/49954/the-role-of-education-in-economic-development/r-deepa