Chapter 14.4: Socio-economic Development Disparity in India: An Inter-state Analysis
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Published:2019
Ayushi Raichoudhury, 2019. "Socio-economic Development Disparity in India: An Inter-state Analysis", Methodological Issues in Management Research: Advances, Challenges, and the Way Ahead, Rabi N. Subudhi, Sumita Mishra
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Abstract
Socio-economic development is multi-faceted. The major facets consist of: income, level of education, level of health, quality of infrastructure, sex ratio, level of employment, industrial and agricultural development, and so on. In India, the progress of socio-economic development among the states is not even. This study makes a modest attempt to measure the socio-economic development among the states of India and highlight the disparity among them. In the same line of thought, a composite index based on several facets of socio-economic development has been developed in a holistic manner and the states are arranged accordingly based on the indices. Instead of studying the disparity of a particular facet across states, a composite index is a better measure. This study has utilized the varied dimensions of socio-economic development and a taxonomic approach to construct a composite index without making any assumptions on the raw data. The findings of the study also support the general perception of large disparity in socio-economic development status of the states in India.
