Economic Growth and Human Development: An Empirical Analysis of Major States of India During the Period 1993–94 to 2004–05

The objective of this study is to inspect the two links between economic growth and human development in the Indian context during the study period 1993–94 to 2004–05 for the 15 major states. To test these links regression technique has adopted for all the three (high, low and total) group states. Further this link has explored for the starting and ending periods of the study period as it is considered “level-wise analysis” and also for the total study period as it is known as “change analysis”. To conduct level wise analysis per capita income values and human development index values for the years 1993–94 and 2004–05 are chosen as they are representing starting and ending years of the study period. To examine the change analysis, growth rates of per capita income and human development index values of the total study period have taken. The dummy variable model results of per capita income as dummy variable points out that there are significant differences between low and high growth group states for the level-wise analysis and the absence of differences between these groups for change analysis. On the contrary, the dummy variable model results of human development index as dummy variable shows that there are no significant differences between low and high human development group states for both level-wise and change analysis.