Economic Growth and Public Spending on Education in India: An Inter-State Analysis

Description

The book entitled “Economic Growth and public spending on Education in India: An Inter State Analysis” examines the interrelationship between educational investment and economic growth across India’s major states from 1980 to 2021. This book provides an in-depth empirical analysis of the relationship between investment in education and economic growth in major states of India. Drawing data from secondary sources, particularly the Reserve Bank of India and the Ministry of Statistics and Programme Implementation, the book adopts time-series model and panel data model to examine the long-run relationship. It critically explores that, despite their poor gross state domestic product, the developing states have consistently spent higher proportions of their gross state domestic product on education as compared to the developed states. The study also draws attention to regional disparities in education spending and emphasizes the importance of sustained public investment in the social sector. It serves as a valuable resource for researchers, students, policymakers, economists, and development practitioners who are interested in education finance, public policy, and the role of education in economic development in India.

About the Author

Ms. Annapurna Mishra is a Ph.D. Research Scholar in the Department of Social Science, Fakir Mohan University, Balasore, Odisha. A distinguished academic, she was a Gold Medalist during her Master of Arts in Economics and subsequently completed her MPhil from Fakir Mohan University, Balasore, Odisha. Also, she has been selected for the Mukhyamantri Research Fellowship. Her research interests primarily focus on Health Economics and Development Economics. She has presented nine research papers at various international and national seminars and conferences.

Dr. Sachita Nanda Sa is an Assistant Professor of Economics in the P.G. Department of Social Science, Fakir Mohan University, Balasore, Odisha. He has pursued his MPhil and Ph.D. from the Central University of Hyderabad, Telangana. He has authored and co-authored several books and published outstanding articles in reputed Scopus Indexed journals. He was also the Visiting Professor in Karaganda State Technical University, Kazakhstan in December, 2018. His areas of Specializations are Health Economics, Development Economics, Econometrics and Mathematical Economics.

Contents