INFRASTRUCTURAL DEVELOPMENT AND ECONOMIC GROWTH IN HARYANA

Infrastructure is basic essential service of any country to attract the investors. The impact and significance of infrastructure development to the economic growth of an economy cannot be exaggerated. This is because it is required to increase domestic production productivity and investment. This research work investigates the infrastructural development and economic growth in Haryana through the use of econometric techniques of Ordinary Least Squares and Grander Causality test. State Gross Domestic Product (SGDP) regressed on the Gross Fixed Capital Formation (GFCF) in Haryana. The period of review is from 1993-94 to 2014-15 and secondary data used for this study and data obtained from the Reserve Bank of India and Department of Economic and Statistical Analysis, Haryana. The empirical results from this study, it is clear that infrastructural development has a positive and statistically significant impact on Haryana’s economic growth