IMPACT OF PRIMARY EDUCATION ON ECONOMIC DEVELOPMENT

The objective of this study is to explore the long-term impact of primary education on GDP. By using the annual data, the present study tries to explore the impact of education on GDP in India through time series tools .Empirical results suggest that primary education have positive long-term impact on GDP of the nation. In other words, primary education is playing an important role in the growth of GDP of the nation during the last decade. The above findings, thus, suggest that if India wants to enhance GDP (reduce poverty and enhance economic development), it should take some special measures to increase for primary education and deepen the ongoing reform process through a consensus among all political parties. There is not much study on poverty in India especially exploring the long-term relationship among primary education and its impact on GDP of the nation. Thus, the present study has its own originality and will add value to policy makers.