INTER-STATE MIGRATION AND ECONOMIC GROWTH OF DESTINATION STATES IN INDIA: AN ECONOMETRIC ANALYSIS
Keywords:
Inter-state migration, Gross enrollment ratio, Capital formation, Gross State Domestic Product, Economic growth, Urbanization, Labour Market Dynamics, Human Capital, etc.,Abstract
Migration is a significant driver propelling economic progress. According to the Migration in India 2020-21 report, 11.8% of India's 45 crore migrants are Inter-state migrants. In India, workers from less developed states move towards more developed states in quest of employment. These migrants are essential in providing labour to the industries that need it. This makes it easier for the states to have a large supply of reasonably priced labour for services and industries. By boosting labour supply, improving productivity, growing urban markets, and fostering the expansion of the industrial and service sectors, this migration wave has a positive impact on a state's economic growth. This study aims to analyze the impact of inter-state migration on economic growth. The study makes use of the multiple linear regression model. The study uses state-wise cross-sectional data on Gross State Domestic Product, Inter-state migration, Gross enrollment ratio and capital formation. From the analysis it is evident that the Migration and Capital formation have significant positive impact on state’s GDP. And the variable Gross enrollment Ratio doesn’t have significant impact on the Gross state domestic product of the states.
