Strengthening of Indian Education Industry to Avoid the Economic Instability

Pinnacle des Academia, GIMS, Lucknow. Vol.2, No.2 July 2012, Pg;28-33, ISSN 2231-282X

13 Pages Posted: 6 Feb 2012 Last revised: 12 Dec 2014

Date Written: December 25, 2011

Abstract

Integration of education with economy becomes a knowledge/education economy. Knowledge and its proper application come through the education, and economic movements are initiated through the financial transactions. In current scenario there are situation of stagflation in which the inflation rate is high, the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation or reduce unemployment may actually worsen economic growth. At present, India having top most economists at the top position but the economic status of the country is unpredictable, it means some major critical problem or reason is there.

Through the applied education on past few decades economic crisis, will become a possible solution, the knowledge against such types of situation and their solution will increase the efficiency and effectiveness of Economy.

Education is being considered as preparer of human being for future course of actions which can be related to personal life, social life or it may be exercised during the financial transaction which leads economic movements. Financial transactions are driven through the own experiences or it may be influenced by others.

The corrections in the strategies are always required for gaining edge over others. Planning and Integration of education with economy are capable to sharp identification of future problems (proactive approach) and optimum solution for current problems (reactive approach).

This research paper tries to study the way of Integration of Economy with education and the role of education to overcome the effect of economic fluctuations based on the secondary data as well as expert opinion.

Keywords: Economic Instability, Applied education, Knowledge Economy & Educational productivity

Suggested Citation

Misra, Srikant, Strengthening of Indian Education Industry to Avoid the Economic Instability (December 25, 2011). Pinnacle des Academia, GIMS, Lucknow. Vol.2, No.2 July 2012, Pg;28-33, ISSN 2231-282X, Available at SSRN: https://ssrn.com/abstract=2000124 or http://dx.doi.org/10.2139/ssrn.2000124

Srikant Misra (Contact Author)

Integral University ( email )

Basha Dasauli
Kursi Road
Lucknow, Uttar Pradesh 226026
India
09919494606 (Phone)

HOME PAGE: http://www.integraluniversity.ac.in

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