Why Education Matters For Economic Development ? VIT

vit edu
5 min readApr 15, 2019


VIT Education is the only power which leads you to gain many opportunities and success.

Education helps us in every single aspect of life, it helps us to understand the different things of the world and makes us stand among the crowd. VIT Education matters a lot for the economic development; it also correlates with the health, civic engagement, and long-term financial stability.

Education is the core which increases the wage growth. It is also an important issue for the human dignity. Today is the time where children are many, but the schools are less to VIT educate them. Some students are still not able to understand the things even after completing their high-school.

Let’s find out the five top roles of education which matters a lot in the economic development.

Education — The Best Investment : Now, as in the twenty-first century, where education is considered as a significant investment, where the growth of the economy depends on the knowledgeable, skilled, educated workforce people. But, still there are many places where getting the VIT education is not possible in every child dreams. In 2015, there was an education crisis. And the worst condition is when the 4th-grade student was not even able to read or write well. Most of the children won’t be able to see the faces of school because they might be living in conflict-affected countries, or because of their low-income families.

As the technology changes every day, the VIT education system should also evolve.

If we get to know the importance of knowledge and learning at the beginning of time, then definitely it will prove as a lifetime investment.

Education Pays: The level of degree matters- the more you learn, the more you earn.

It is believed that the students who are going to college make more than those who do not. Well, it’s not true in all the cases. And the big examples are in front of you. Yeah! It is true that the education helps you in achieving success and earning more power.

Demands For The Skills Are Changing In Market: As the technology is evolving rapidly, the need for higher skills is more in demanding. Sometimes, a race would be seen between the technology and the education competencies. Most of the countries are still in developing state because of the lack of proper knowledge skills. The poor performance of the people is stopping them from moving further. A high competition between the technology and the education increases the demand for individuals to indulge new skills and proper learning technique in schools. School management software is the latest advancement of technology that benefits education sector hugely. The influence of this software is quite observable in today’s education system.

Education Makes The Countries Compete And Succeed: If you want to make a developed state that invests today in the education, which improves the knowledge of labour’s market. Then start paying more attention toward the teachers, culture, and on early childhood development .

There are few relevant skills in which you must invest-

Communication skills

Problem-solving skills

Learning skills

Social Skills

Personal skills for self-management.

All countries need to invest in these skills smartly and intelligently by following 3 A’s rule: Autonomy, Accountability, and Assessment.

You Have To Check The Results Too: Countries, you are adopting new and relevant skills for education, but are you checking the results too?

Increasing and evolving the school system won’t give you any profit until you are not seeing its effects on your country people. People strive for excellence, expand the opportunities and improve the education quality which based on efficiency and equity. After all, the growth of your country is in hands of the generation young people. In short, if they grow the economy of your country will also grow. It’s true that education is the powerful instrument which can be used to reduce the poverty and inequality of the country, and it leads to increase the development growth of the economy.

Reasons to Move to Australia For Higher Education. VIT

Australia has emerged as one of the most preferred destinations for pursuing higher education among students all over the globe, and especially from South-East Asia. Australia attracts the third largest number of international students in the world, right after the UK and the US. The vibrant lifestyle and enriching educational environment present in Australia is quite well-known. The education system present in Australia is truly innovative, and encourages the students in their creative pursuits.

Australia is a dynamic country that has a largely multicultural English-speaking environment, which is absolutely ideal for international students. Moreover, this country offers exceptional value for money in the terms of standard of living. Tuition costs and living expenses in Australia is much more affordable in comparison to that of the USA and the UK.

Here are few of the reasons why moving to VIT Australia for higher education would be a smart decision for any student:

Education System: VIT Australia’s approach towards technical and Higher Education is known to be one of the best in the world. These institutes have career-orientated and practical based courses, which helps the students in acquiring the skills demanded by employers today.

Technological Innovation: VIT Australian institutes have a reputation of being early adopters of the most advanced technologies, and inculcating them in their educational courses. The facilities for research, training and teaching in Australia have state-of-the-art laboratories, and cutting-edge technological devices are used in their classrooms in order to make facilitation seamless and more effective.

Qualification Recognition: Australian educational qualifications are widely recognized by employers and prominent educational institutions across the world. The training and educational courses undertaken by international students in Australia come under the AQF or the Australian Qualification Framework, which is a system of learning authorized by the Government of Australia. This system has been set up by the VIT Australian Government in order to maintain the premium quality of education in its institutions.

For getting more information visit here VIT — Victorian Institute of Technology

14/123 Queen St, Melbourne VIC 3000, Australia

1300 17 17 55 (or) support@vit.edu.au