Education is a continuous process. It deals with over growing man in ever growing society. The word education originated from the Latin word which means” to bring up”. Education should clarify. Man’s relation with man, man’s relation with the universe and man’s relation with creator or God. The importance of Education is today’s need as it is the not only the development of intellectual skills and knowledge but also to effective growth and development of Indian Economy. The Education system needs to make students as learner’s innovators, scholars, researchers and trainers. In the past century, we progressed from a stage where the application of science to manufacturing techniques becomes the basis for production and to develop the Indian Economic system. Education has been found a major source of productivity growth in post-war era, and because Education increases productive human capital. Many recent Large – Scale Education reforms have been justified by the urgent need to increase Labour productivity and promote Effective economic development and growth through expanded and improved education. The concept of effective Growth of Indian Economy is much wider in scope than the Role of Education at covers and higher Level.