ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Investment Gaps in Primary Education

Investment Gaps in Primary Education M Govinda Rao RAMACHANDRAN, Raval and Swaminathan (RRS) (1997) emphasise the need to provide universal primary education and estimates the resources needed to achieve the task. The paper is important as well as opportune. It is important because intcrnational experience, particularly the east Asian experience, has underlined the importance of human resource development, particularly that of universal primary education in bringing about radical economic, social and demographic transition and in creating a shared basis of economic growth. It is opportune because the market-oriented reforms in India are likely to accentuate inter-regional imbalances and investment in education can provide the needed corrective by both taking capital to labour and improving labour mobility. However, in the annexure to the paper, the authors bring out the shortcoming of the estimates of expenditures on primary education forecast by the Ninth Finance Commission. As I feel that I was in some ways responsible for making those estimates, I feel obliged to respond to their observations.

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