What are the key factors of economic growth that affect rural development in India?

Bhruguwar, Ira (2023): What are the key factors of economic growth that affect rural development in India?

Abstract

The aim of this research is to identify and analyse the key factors that have a correlation with rural development, specifically focusing on rural India. This paper employs a rigorous econometric approach, including correlation analysis, regression analysis, and Pearson tests in order to formulate equations pertaining to key factors identified as well as a multivariable equation. It finds that households with access to gas and electricity, literacy rate, school electrification, access to sanitation facilities, and the availability of treated tap water show a high correlation with rural development, and hence theorize the reasons behind each factor. These findings are shown to hold largely true through the Pearson tests and are assumed to be largely generalizable due to the data taken across states and for multiple years.

• Item Type: MPRA Paper
• Language: English
• Keywords: Rural Development in India, HDI, Rural Growth , Sustainable Growth
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O21 - Planning Models ; Planning Policy; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East

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