Asian Journal of Research in Banking and Finance
  • Year: 2017
  • Volume: 7
  • Issue: 5

An Analytical Study of Developmental Expenditure and Human Development in Chhattisgarh

*Research Scholar, Department of Economics, Guru Ghasidas Vishwavisayala, Bilaspur, Chhattisgarh, India. mishraashish028@gmail.com

**Professor & Head, Department of Economics, Guru Ghasidas Vishwavidayala, Bilaspur, Chhattisgarh, India. manu.bilaspur@gmail.com

Online published on 12 May, 2017.

Abstract

Chhattisgarh state was initially bifurcated from Madhya Pradesh with the purpose of economic development of this backword region.43.4 per cent population represent scheduled castes and scheduled tribes, who live mostly in the dense forest areas. The state has experienced a modest and consistently positive growth in Gross State Domestic Product (GSDP). The modern growth theories have amplified that the growth potential should be converted into human resource development. Keeping human development in mind, developmental expenditure plays asignificant role in building human Resource for any economy. In Chhattisgarh, the share of developmental expenditure has increased since 2001–02, and it contributes around 78 percent of total expenditure. The state has received appreciation from centre and RBI for best fiscal performing state in 2015–16. But the human development of the state is not very significant. In this paper, we have intended to discuss the need of link between developmental expenditure by Chhattisgarh state and human development in this region.

Keywords

Developmental Expenditure, Human Development, Chhattisgarh