Educational Policies must adapt quickly to new economic, technological and social changes. These policies must take in to consideration the magnitude, scope and speed of changes taking place globally where knowledge and skills are increasingly replacing raw materials and labour. For example in a competitive market economy, persons who lack innovation and problem solving skills run a higher risk of remaining unemployed or under employed. Education itself has a value in its own right because it broadens people's vision and helps them to live healthier, more financially secure and more fulfilling lives.

Globalization, privatization and conversion of our economy in to a knowledge based economy has resulted in a situation where Government or Public Sector is no longer a major employer. The rapid expansion of Information and Communications Technology, Bio technology and other allied fields and the Karnataka's pre eminent position in these fields has a cascading effect on the Status' economic scene which has made us to re think our goals and strategies in the field of Education .

The notion of Human Development in any Country incorporates all aspects of an individuals' well being, from his health and education status to his economic and political freedom Slower human development is invariably followed by slower economic growth., Most human capital is built through education or training that increase a persons' productivity. The state spends a large amount of public funds on education because it believes that a better educated population will contribute to faster development. Investing in human capital, a1 though extremely important, is not sufficient for rapid economic growth. Such investment must be accompanied by the right development and implementation strategies.

Economic and social returns to society are known to be higher for primary education than for other levels of study, most governments commit to providing free access to primary school to all children. But in low income countries (like India) the public funds available for this purpose are often in sufficient to meet the increasing demands. These funds are also often inequitably distributed - leading to gaps in rural / urban, rich / poor, boys / girls, etc.,

While basic literacy can be conveyed through Campaigns, transfer of Knowledge, Cognitive and Life Skills can only be done through a good system of quality education.

The Universalisation of Elementary Education ( UEE ) was accepted as an important national goal to be achieved since 1950.But the nation has yet to achieve this goal even after all these years. Even though tremendous efforts have been made to achieve the U.E.E, this all important god still remains elusive.

In this background we have to take in to account the World Declaration on Education for AU, adopted in 1990 which has further given a fillip to the national commitment for providing basic education for all.