Empirical Analysis of Infrastructure Investment and State Domestic Productivity (A Study on the State of Chhattisgarh)

Mushtaq shah, Biswadeep Mishra

Abstract


The accessibility of quality infrastructure is vital for sustainable socioeconomic development and improvement of human well being of any country. It has been found that the Infrastructure shortcomings are among the chief obstacles to accelerated economic growth. Same has been realized by the Indian planners and all out efforts have been made, within the available resources, to improve the infrastructure. Driven by this realisation, key infrastructure sectors like Electricity, telecommunications and roads are undergoing reforms at various levels of policy, regulation and governing statutes. Through these reforms, large additional investments are being attracted and economic growth is receiving a fillip. The infrastructure facilities in a Country/State directly determine the quality of life and productivity of the people. Hence, infrastructure sector has been accorded high priority by GOI. This paper tries to assess the status of key   physical infrastructure in Chhattisgarh, to analyse the contribution of different infrastructure services on GDP of India and Chhattisgarh and to find out the infrastructure obstacles that require to be addressed to realise growth potential of Chhattisgarh state. Descriptive statistic and t-test are used as statistical tools in analysis. This study is based on secondary data collected from various sources such as articles, research papers, and official websites of related ministry, annual reports, and sustainability reports.


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ISSN : 2251-1555