INNOVATION AND ECONOMIC GROWTH: A CASE OF INDIA

Historical Studies in Education / Revue d'histoire de l'éducation

View Publication Info
 
 
Field Value
 
Title INNOVATION AND ECONOMIC GROWTH: A CASE OF INDIA
 
Creator Shukla, Sushma
 
Subject economics
Innovation; Economic Growth; Macroeconomics; India; Foreign Direct Investment; JEL Classification; O380; O400; O110; E010

 
Description PURPOSEInnovation is often seen as one of a driving force for a sustainable long-term economic growth of any country. Indian economy is one of the fastest growing economies in this modern globalization world.  Indian economy is enjoying the average economic growth of 7% from last two decades but is this economic growth sustainable or only some short-term phenomena because of increasing consumer market and increasing information sector. To achieve long-term sustainable growth Innovation is very important. The purpose of this paper is to discover the role of innovation in the economic growth of India.METHODOLOGYThis paper defines innovation that includes both production of innovative goods and services, and the innovative process of producing goods and services.  World Bank’s data bank is the primary source of this study. Time series data has been used to study the variables. In this study to understand the economic growth, GDP growth Rate, GDP per capita growth Rate, and for Innovation R&D Expenditure, Education Spending rate, and Patent applications variables have been used.FINDINGSAccording to the result as Indian economy will grow economic it will decrease the R&D Exp, it will decrease the education spending, it will decrease the FDI, and it will also decrease the no of patent applications filed in India. This negative correlation raises the questions to the policy maker. These questions also open the door of future research in this field. SOCIAL/ PHYSICAL IMPLICATIONS OF STUDYThis study can provide some insights to the policy makers that can be helpful for the society in terms of efficient use of our resources.ORIGINALITY OF STUDYThis study is an original research
 
Publisher GIAP Journals
 
Contributor
 
Date 2017-06-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

Literary Analysis;
 
Format application/pdf
 
Identifier http://giapjournals.com/index.php/hssr/article/view/hssr.2017.521
10.18510/hssr.2017.521
 
Source Humanities & Social Sciences Reviews; Vol 5, No 2 (2017); 64-70
2395-6518
 
Language eng
 
Relation http://giapjournals.com/index.php/hssr/article/view/hssr.2017.521/442
 
Coverage India


 
Rights Copyright (c) 2017 Sushma Shukla
http://creativecommons.org/licenses/by-nc-sa/4.0
 

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us

Twitter

Copyright © 2015-2016 Simon Fraser University Library