EDUCATION ENHANCES THE ECONOMY??
EDUCATION ENHANCES THE ECONOMY?? Education is very important. Education simply means teaching or training people. For economic growth, countries need to work on developing various sectors. To achieve this, education and skill development is one of the key factors. According to the report, out of 100 engineering graduates only 3 of the engineers are employed in India, this is because of the rest 97 lack skills. Today the sectors and Industries are growing so fast and developing themselves. There is a high demand for skilled labor and skills to make a worker pay much higher,therefore education and skill development plays an important role in the economy, education gives workers knowledge about various subjects, education with skill development such as learning a particular skill and expertise in that, moreover enhancing the skills increases the value of the worker. For example: If the worker is skilled he gets high wages and salary contributing to the nominal GNI, also skilled worke...