Educated people earn higher incomes on account of higher productivity which adds to the growth of economy. It opens new horizons, provides new aspirations and develops values of life.
(i) Education helps individual to make better use of their economic opportunities.
(ii) Education is an important input for growth.
(iii) Provides new aspirations and values of life.
(iv) Some jobs are only for educated and skilled people.
(v) It opens the universal avenues of jobs.
(vi) Women with high education and skill are paid at par with the men.