Time Series Econometric Analysis of ODOP's Contribution to State-Level GDP Growth in India
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 09
Abstract
This study examines the economic impact of the One District One Product (ODOP) scheme on state-level GDP growth in India using time-series econometric models from 2011 to 2023. The ODOP initiative, launched by the Indian government, aims to promote regional economic development by fostering unique local products from each district. By employing Vector Autoregression (VAR) and Johansen Co-Integration methods, the research quantitatively assesses the causal relationship between the ODOP scheme and GDP growth across various states. Preliminary findings suggest that ODOP significantly contributes to regional GDP, particularly through enhancing local production and market reach, thereby integrating regional economies into national and global value chains. This study underscores the importance of targeted regional policies in achieving broader economic objectives and fostering sustainable development. It also highlights the ODOP scheme’s role in promoting traditional products and skills, which aligns with the government's larger goals of a self-reliant India.
Authors and Affiliations
Prashant Kumar, Amit Gandhi, Professor. V. N. Gupta, Dr. Bharat Kumar Rajak
Keywords
Related Articles
- EP ID EP747330
- DOI 10.47191/ijmra/v7-i09-52
- Views 29
- Downloads 0
The Effect of the Company's Cultural Diversity on Restaurant Employees Performance
This study looked at how managing organizational cultural diversity affects restaurant employees' performance. The study's main objective is to provide in-depth information about workplace cultural diversity. It seeks to...
Green Finance and Bank Performance: Evidence from Bangladesh
The severe repercussions of the global climate catastrophe are being felt all across the world. Each industrialized and developing country must take action in response to the consequences of global climate change that en...
Numerical Simulation of Airflow Distribution in the Tunnel of Cairo Metro Line 3 Using CFD
One of the problems facing the underground tunnels is lacking enough fresh air for passengers inside the subway. Also, because of the friction of the train with the railways, high heat is generated. So, the use of comput...
Real-Time Skin Disease Detection and Classification Using YOLOv8 Object Detection for Healthcare Diagnosis
Skin diseases are one of the most extensive and difficult to manage topics in healthcare, affecting millions of people worldwide. Current manual diagnosis by healthcare professionals is time-consuming and dependent on an...
Innovative Approaches and Technologies to Increase the Productivity of Foothill Pastures Prone to Drought in the Upper Reaches of the Kashkadarya River
The article describes the characteristics of the types of pastures of the Kamashi district in the Kashkadarya region, the degree of degradation and ways of their rational use. Materials on the species composition of vege...