📖 generic · CBSE Class 11 English medium · ECONOMICS · Page 9example

greatly on the existing level of economic development. Do you think IT - based · Part 4

Chapter 5: HUMAN CAPITAL FORMATION IN INDIA · ECONOMICS

to bring all Indian children in the age group of - years under the purview of school education. Compared to this desired level of education expenditure of around per cent of GDP, the current level of a little over per cent has been quite inadequate. In principle, a goal of per cent needs to be reached—this has been accepted as a must for the coming years. In , the Government of India enacted the Right of Education Act to make free education a fundamental right of all children in the age group of - years.

Government of India has also started levying a per cent ‘education cess’ on all Union taxes. The revenues from education cess has been earmarked for spending on elementary Fig. . Investment in educational infrastructure is inevitable Work These Out Ø Prepare case studies of dropouts at different levels of schooling, say (i) Primary dropouts (ii) Class VIII dropouts (iii) Class X dropouts Find out the causes and discuss in the class.

Ø ‘School dropouts are giving way to child labour’. Discuss how this is a loss to human capital. TABLE . Educational Attainment in India Sl.No.

Particulars - . Adult Literacy Rate (per cent of people aged +) . Male . .

. . Primary completion rate (per cent of relevant age group) . Male .

. Female . . Youth literacy rate (per cent of people aged + to ) .

. education. In addition to this, the government sanctions a large outlay for the promotion of higher education and new loan schemes for students to pursue higher education. Educational Achievements in India: Generally, educational achievements in a country are indicated in terms of adult literacy level, primary education completion rate and youth literacy rate.

These statistics for the last two decades are given above in Table . . . F UTURE P ROSPECTS Education for All — Still a Distant Dream: Though literacy rates for both — adults as well

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