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Conventionally, higher education is viewed as an investment in human capital since it yields positive returns in future. This viewpoint assumes certainty in outcomes. This paper analyses higher education as a risk-bearing economic decision, especially for students from economically backward sections of society. The study is purely qualitative and descriptive in nature. The analysis explores how investment in higher education is viewed with risk and uncertainty in developing countries as well as the underlying socio-economic constraints that elevate educational risk. The findings suggest that while education may yield returns in future, but for some it remains an uncertain investment. Further, the paper highlights the need for effective policy decisions that treat higher education as a societal benefit.
Keywords:
Higher Education, risk, uncertainty, human capital theory, human resource, opportunity cost
Cite Article:
"Is Higher Education a Risky Investment for Developing Economies? An Analysis from Economic Perspective", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.11, Issue 2, page no.a262-a264, February-2026, Available :http://www.ijrti.org/papers/IJRTI2602032.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator