Impact of education on human development in Karnataka – An economic analysis

Education is recognized as prerequisite for the human resources development. It is clears now that without is improving the base education, it is impossible to achieve universalization of elementary education and also literacy. Karnataka has been identified as one of the nine educationally backward states in the country as per the 2011 census, there may be many factors that are responsible for this. But, it is necessary to understand what economic factors particularly the financial resources, are responsible for not achieving this constitutional objective. It is also imperative to study whether the invested funds are really used for achieving the constitutional objective, or they merely wasted on dropouts. The process of primary education is a very big segment of the education sector and also of the economy and therefore, it is to be seen whether the benefits of scale can be reaped by organizing the system in a rational way. If questions of this type are answered, it is possible to suggest a policy to achieve the universalization of elementary education and human development in the state of Karnataka.