Education Infrastructure, Expenditure, Enrollment & Economic Development in Odisha, India
Swarna Prava Hota1, Sanat Kumar Acharya2
1Swarna Prava Hota, Assistant Professor (Economics), Fakir Mohan Autonomous College, Balasore, Odisha, India,
2Sanat Kumar Acharya, Head-Business Excellence, AMTEK Group Company, Jamshedpur, India.
Manuscript received on 05 May 2024 | Revised Manuscript received on 13 May 2024 | Manuscript Accepted on 15 May 2024 | Manuscript published on 30 May 2024. | PP: 75-80 | Volume-4 Issue-1, May 2024 | Retrieval Number: 100.1/ijef.B2544113223 | DOI: 10.54105/ijef.B2544.04010524
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: A key part of human capital is education. The development of educational infrastructure and economic growth are closely linked. Recognising the value of infrastructure, both the central and state governments have implemented several programs to upgrade the physical facilities at public schools. Infrastructure is a key component of enabling high-quality education. This study aims to investigate the relationship between economic development, spending on education for infrastructure development, and the quality of education. In 2019–20, the ratio of education department spending (revenue and capital account) to the gross state product (GSDP) is 2.84%. In 2020–21, the gross enrollment ratios (GER) for primary and secondary education are 97.4% and 84.5%, respectively. As part of the study’s methodology, analytical and empirical data from secondary sources were compiled. The multiple regression analysis demonstrates that the Gross Enrollment Rate (GER) of primary and secondary education, as well as the expenditure (Revenue and Capital) on education by education departments, is significant to economic growth. Here, the economic growth of Odisha as a whole is significantly influenced by the state’s educational system. The study’s findings indicate that public investment in infrastructure and education has a substantial impact on economic growth. It is recommended that school infrastructure be well-equipped to meet the current generation’s needs. The government should collaborate with the private corporate sector and industrial units to construct infrastructural facilities such as smart classrooms, computer and internet facilities, and laboratories in schools.
Keywords: Infrastructure, Economic Growth, Expenditure, JEL Classification Codes: H54, O4, H52
Scope of the Article: Economics