A Statistical Analysis of Economic Growth Trends in India

Abstract

This study investigates the relationship between economic growth, employment opportunities, income levels, and the overall standard of living in India using a survey-based methodology. Primary data were collected from 280 respondents representing diverse socio-economic backgrounds through a structured questionnaire. The study employed descriptive statistics, correlation analysis, and ANOVA to examine the impact and association of economic growth with employment, income, and living standards. The findings reveal that economic growth significantly influences employment opportunities, with growth in industries, private sector expansion, and government initiatives contributing to job creation. A strong positive correlation was observed between economic growth and respondents’ income levels, indicating that economic expansion directly enhances financial well-being. Additionally, economic growth was found to have a significant impact on the overall standard of living, improving access to healthcare, education, and basic facilities. While perceptions vary across specific dimensions, the results collectively highlight the critical role of economic growth in shaping socio-economic development. The study highlights the importance of inclusive growth strategies that ensure the benefits of economic progress are broadly shared across the population.