Demographic Dividend And Economic Growth: An Analytical Study In Context To Odisha

Abstract

The study focused on the demographic dividend's future growth prospects for Odisha's economic growth and established a statistical relationship between the demographic factors (Health and Education) and economic growth in Odisha. The study is based on the descriptive and analytical of the relationship between demographic dividend and economic growth in Odisha from 2011 to 2021. The demographic dividends include Birth Rate (BR), Death Rate (DR), and Gross Enrolment Ratio (GER). The PCGDP is taken as a proxy of economic growth. The OLS regression method is mainly used to verify the statistical relationship between the variables. By employing OLS, the study found BR and DR are significantly influencing the PCGDP but negatively during the study period due to a continuous decline in BR and DR with a continuous increase in PCGDP during the study period. However, GER is significant and positively related to PCGDP in Odisha, because they are growing in the same direction.