Wednesday, 16 May 2012

Illiteracy costs India $53 billion every year

A report titled, “The Economic and Social Cost of Illiteracy: A Snapshot of Illiteracy in A Global Context”, published by the World Literacy Foundation and released to coincide with the World Literacy Summit, has revealed that illiteracy is costing the world economy a massive $1.19 trillion each year. Of this, the Indian economy alone is losing $53.56 billion annually, lesser only to China, which is losing $ 135.60 billion.

The report assesses functional illiterates which UNESCO defines as “people who can read and write simple words but can’t apply these skills to tasks such as reading a medicine label, balancing a cheque book or filling a job application”.

The research highlights the social and economic impact of a person’s inability to read and write. It reveals that more than 796 million people globally cannot read and write. About 67 million children don’t have access to primary school education and another 72 million miss out on secondary education.

It calculates the cost of illiteracy to a developed nation at 2 per cent of its GDP, while the loss to an emerging economy like India and China would be around 1.2 per cent of the GDP, and to a developing country 0.5 per cent of the GDP.

Calling for ways to bring children to schools and retain them, the Report says that illiterates earn 30 to 42 per cent less than their literate counterparts as they don’t have the literacy skills required to undertake further vocational education training to improve their earning capacity.

The report also establishes a link between illiteracy and crime saying majority of prison inmates across the world have poor literacy skills. Also amongst juvenile delinquents, up to 85 per cent are functionally illiterate.

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