Education provides training and skills to do things efficiently. The labour skill of an educated person is more than that of an uneducated person, enabling them to generate more income and consequently contribute more to economic growth.

Education is sought not only as it confers higher earning capacity on people but also for its other highly valued benefits. It gives one a better social standing and pride, and enables one to make better choices in life.

Furthermore, education provides knowledge to understand the changes taking place in society and also stimulates innovations. The availability of an educated labour force facilitates the adaptation of new technologies and methods in the economy.

At a macro level, a large population, when trained and educated on sound lines, becomes an asset in accelerating economic growth and ensuring social change in desired directions. The spread of education across different sectors of society ensures that a nation simultaneously attains economic growth and equity.