SAARJ Journal on Banking & Insurance Research
  • Year: 2014
  • Volume: 3
  • Issue: 6

Human development and economic growth in India: An empirical study with special reference to Punjab

  • Author:
  • Rakesh Kumar Sharma, Lakhwinder Kaur
  • Total Page Count: 16
  • Page Number: 53 to 68

SBSBS, Thapar University, Patiala, India

Abstract

Human development goes far beyond income and growth to cover the full flourishing of all human capabilities. It emphasizes the importance of putting people, their needs, their aspirations, and their choices at the center of development effort. Present study is carried out to examine the trends in human development indicators and growth of Net state domestic product. Regression techniques have been used for analyzing the relation between economic growth and Human development indicators. Keeping in view the importance and scope of research in this area, present paper studied the human development indicators with special emphasis on health and educational indicators. Moreover, this paper has also examined the economic performance by growth indicators for Punjab with special emphasis on performance in the 2001 onwards. This paper concluded with finding that there is a relation between economic growth and human development.

Keywords

HDI-Human Development Index, GDP- Gross Domestic Product, NSDP-National Skills Development Programme, ANOVA- Analysis of Variance, Multiple Regression, OLS- Ordinary Least Square