EDUCATION SYSTEM of country contribute towards it development?(Y/N)

Education System opted by any country does contribute towards its development as it is the new genration who can take its country to new heights if there education system is such as to provide then very practical knowlege about practical aspects of life and future growth.
as in india what i feel there is strong need to re-design or update its education providing pattern or system because in present time we are facing a very big problem of unemployment as our education system is not self employment oriented as it takes about 17-18 years of ones life only to get basic education then if one opt for some professional education for more 4-5 years and after doing so much he has to face unemployment. and those who are allready employed are not happy enough with there earnings...