3. introduction
Education as an essential activity in the development of a
society. In the society of the future the education will have
an essential role in creating a new lifestyle specific for a
society based on knowledge and learning. The degree of
development of a society depends to a large extent on the
educational expenditure.
4. The education related expenses represent
money expression meant to cover a portion of the
expenses involved in carrying on this activity, which
ultimately are intended mainly for consumption.
Another portion of the expenses allocated for
education are meant for this segment of activity to
be provided with capital goods.
5. India holds an important place in the global educational
industry. The country has more than 1.4 million schools
with over 227 million students enrolled and more than
36,000 higher education institutions.
India has one of the largest higher education systems in
the world. And also India has become the second largest
market for e-learning after the U.S.
8. Gross Domestic Product(GDP) – is the monetary value of all the
finished goods and services produced within a country’s borders
in a specific time period.
Though GDP is usually calculated on an annual basis. It can be
calculated on a quarterly basis as well.
The GDP growth rate measures how fast the economy is
growing. It does this by comparing one quarter of the country’s
economic output[GDP] to the last.
10. Gross domestic product can be calculated
using the following formula
GDP= C+G+I+NX
Where,
C = All private consumption or consumer spending in a nation’s economy.
G= The sum of government spending.
I= The sum of all the Country’s investment.
NX= The nation’s total net exports( total export-total import)
11.
12.
13.
14. GDP TO EDUCATION
Public expenditure on education includes government
spending on educational institutions both private and public.
public expenditure on education as a percentage of GDP
gives an indication of how a country prioritize education in
relation to its overall allocation of resources.
15. Not all spending on educational goods and services occurs
within educational institutions, for example, families may
purchases textbooks and materials commercially or seek
private tutoring for their children outside the institution.
public expenditure on education includes spending on
schools, universities and other public and private institutions
involved in delivering or supporting Educational services,
16. Gross Domestic Product is the best way to measure a
country’s economic.
It includes everything produced by all the people and
companies that are in the country.
Public expenditure on education as a percentage of GDP gives
an indication of how a country prioritizes education in relation
to its overall allocation of resources.
