Role of Socio-Physical Infrastructure in Regional Economic Growth: A Case Study with Special Reference to Education and Healthcare Sector of Uttar Pradesh
1Prachi Agarwal, 2Swami Prasad Saxena, Ph.D.
1Research Scholar Department of Applied Business Economics Dayalbagh Educational Institute (Deemed to be University) Dayalbagh, Agra 282005 (IN)
2Professor (Macroeconomics & Finance) Department of Applied Business Economics Dayalbagh Educational Institute (Deemed to be University) Dayalbagh, Agra 282005 (IN)
https://doi.org/10.47191/jefms/v6-i8-26
ABSTRACT:
Infrastructure facilities, both social and economic, such as healthcare, education, energy, transportation, water supply and communication system play a crucial role in accelerating economic growth of any region. Uttar Pradesh, one of the most populous states of India, is facing many challenges in attaining sustained economic growth. One of the critical factors that plays a prominent role in economic development of the state is social and economic infrastructure. Present study aims to analyze the role of social and economic infrastructure in the economic growth of Uttar Pradesh and reveals that there is a unidirectional causality between physical infrastructure and growth. The findings of the study indicate that both social and economic infrastructure has a significant impact on the economic growth of Uttar Pradesh and there is a need for substantial investment and policy reforms to address the existing gaps and challenges.
KEYWORDS:
Economic growth, economic infrastructure, social infrastructure, health, education.
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