Analysis Of Economic Growth Effect Of Public Goods Investment In India

Public goods is a national economic and social development of the basic conditions,which plays an important role in improving the living conditions of residents,optimize the industrial structure,reduce labor costs,a country's economic development needs of public goods as the basis,and reasonable public goods investment and promote economic development,and public goods investment and economic growth has been a hot topic in academic circles.In recent years,relying on loose trade policies,cheap labor resources,advanced software industry and other advantages,India is becoming much favored by foreign investors of the country,as India's economy entered a period of rapid development,the contradiction between public investment and economic growth has become more prominent,whether the public goods investment for economic growth will produce what kind of the role? How to properly arrange investment in public goods,and strive to improve the livelihood of the people in the direction of development? These sharp problems are gradually becoming the key factors that restrict the further development of India's economy.Therefore,the study of the role of India public goods investment in economic growth has become particularly important.First of all,on the basis of summarizing previous research,through the combined method of qualitative analysis and quantitative analysis,the actual situation of India public goods investment and economic development since independence,and the influence factors of public goods investment are analyzed;then,the investment of India public goods and economic growth is linked to the theory to explore,to make theoretical foundation for the empirical analysis;secondly,in order to illustrate the public goods investment indeed closely related to economic growth,this paper uses the method of empirical analysis,by Grainger causality of public goods investment is the reason for India's economic growth,and the reasonable investment of public goods has great promoting effect on economic growth.Finally,according to the theoretical analysis and empirical test,this paper puts forward some reasonable suggestions on the future public goods investment and economic development in India.