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Report No. 165

1.2. Importance of the subject.-

In our national perception, education is essential for all. This is fundamental to our all-round development, material as well as spiritual. Education has an acculturating role. It refines sensitivities and perceptions that contribute to National cohesion, scientific temper and independence of mind and spirit - thus furthering various goals set out in our Constitution. In sum, education is a unique investment in the present and the future. This cardinal principle is the key to the National Policy on Education.1

1. National Policy on Education, 1980.

1.2.1. The Human Development Centre in its report2 also highlights the importance of education by observing:-

Education is critical for economic and social development. It is crucial for building human capabilities and for opening opportunities. It is the true essence of human development. Without education, development can be neither broad-based nor sustained. The importance or education was fully recognised by classical economists such as Adam Smith, John Stuart Mills, Karl Marx and Alfred Marshal and has been reconfirmed by recent writers such as Schultz, Becker, and Amartya Sen. Alfred Marshall in the Principles of Economics (1890) observed as follows:

"The wisdom of expending public and private funds on education is not to be measured by its direct fruits alone. It will be profitable as a mere investment, to give the masses of the people much greater opportunities, than they can generally avail themselves of. For by this means many, who would have died unknown, are able to get the start needed for bringing out their latent abilities. 'The most valuable of all capital is that invested in human beings.-



Free and compulsory Education for Children Back




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