Economics, Econometrics and Finance
5 years ago

Boosting Social Sector Spending Leads to Economic Growth in India

Research Journal of Humanities and Social Sciences
Social Sector Expenditure and India's Development: An Empirical Assessment During 2001–02 to 2015–16
Praveen Saravanan, K. Harika, K. Appanna Babu

Paper Summary

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The article examines how government spending on social sectors like education and healthcare affects economic growth in India from 2001 to 2015. By analyzing data, the researchers found that investing in areas like education, healthcare, and infrastructure positively impacts economic development. However, spending on social security and family welfare had a negative effect on economic growth during the study period.