A STUDY ON INVESTMENT IN HUMAN CAPITAL: EDUCATION AS AN ECONOMIC GROWTH DRIVER

Investment in human capital, especially through educational initiatives, is a key driver of economic expansion and advancement. This investigation explores the correlation between educational investment and economic outcomes, drawing upon secondary data sourced from governmental publications, UNESCO, and the World Bank. The study employs a descriptive and analytical methodology to assess education's influence on literacy rates, employment figures, and overall economic growth. A comparative analysis is performed, focusing on five Indian states—Maharashtra, Kerala, Gujarat, Bihar, and Tamil Nadu—across the timeframe of 2019 to 2024.The findings reveal a strong positive relationship between education levels and employment opportunities. States with higher literacy rates demonstrate better economic performance and workforce productivity.

This study examines the relationship between educational investment and economic results, utilizing secondary data obtained from government reports, UNESCO, and the World Bank. A descriptive and analytical approach is employed to evaluate education's impact on literacy rates, employment statistics, and overall economic expansion. A comparative analysis is conducted, concentrating on five Indian states—Maharashtra, Kerala, Gujarat, Bihar, and Tamil Nadu—over the period from 2019 to 2024. The results indicate a significant positive correlation between educational attainment and employment prospects. States exhibiting higher literacy rates also demonstrate superior economic performance and workforce productivity.