who is samkalin of kalidas
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India today faces some grave challenges economically. Unemployment, underemployment, poverty and unequal distribution of wealth being few of them. Nothing other than rectifying the low literacy rate can present solutions to almost all these problems. Further literacy also reduces the economic inequality and reduces the income disparity, all of which India faces today. This paper attempts to study the impact of literacy on economic growth and population growth and also how all the three variables are related to each other. By doing so, there is an attempt made to understand the key challenges which India faces today and highlight the importance of addressing those challenges as they could potentially turbo-change prosperity of the country. Literacy rate is one of the key indicators of the economic situation in a country as increased literacy rate leads to enhancement of a country's human capital.. Literacy also provides better employment prospects and gives a higher socio-economic status. Increased literacy rate also leads to decreased population growth rate and thus a country's resources better shared among less people. Thus literacy rate is given its due importance in this paper as a key to India's prosperity. INTRODUCTION India demographics occupy 2 nd rank among the world's most populated countries. With a population of 1.21 billion and a growth rate of 1.41% the population will only grow more enormous in size. However when age structure of India is considered, 65% of India's population is of the age group 15-64 and 30% of population being under the age of 15, it can be inferred that India's population is very young. When literacy rate of India is considered, it stands at 74.04% (2011). India's literacy rate at the time of independence was a mere 14%, over the years literacy rate has been increasing but with varied rates in different states with some states like Kerala and Mizoram well above national average and Bihar with a dismal rate of 63.8%. There is also a concern for female literacy rate (65.46%) which is much below the male literacy rate (82.14%). Therefore there is a need to improve the overall literacy rate as improved literacy rate has an impact on increasing a country's economic growth rate and decreasing population growth rate. Also as India has a very young population, literacy will play a very important role in turning the young population into potential human capital.
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Chandragupt 2