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

Ira Bhruguwar

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Rural Development in India; HDI; Rural Growth; Sustainable Growth (search for similar items in EconPapers)
JEL-codes: C1 O11 O21 O53 (search for similar items in EconPapers)
Date: 2023-08-30
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