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Ep 345: Economic Learnings of India for Make Benefit Glorious Nation of Bihar

The Seen and the Unseen - hosted by Amit Varma

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The Relationship Between Education and Economic Growth

Education is not necessarily a prerequisite for economic growth; instead, removing barriers can enable immediate growth. Historical evidence suggests that significant economic progress often occurs before substantial educational investments, as seen in the UK, where near-universal literacy was achieved prior to government funding. The surplus generated by the Industrial Revolution facilitated community-driven education without state intervention. In India, the tech industry exemplifies this phenomenon—companies like Infosys prioritize training to bridge the skills gap, demonstrating that entrepreneurs adapt to market demands to cultivate the necessary talent. This entrepreneurial response underscores the idea that economic growth can stimulate educational advancements, challenging the notion that education must come first.

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