Impact of Food Subsidy on Socio-Economic Status of Odisha
| International Journal of Economics and Management Studies |
| © 2019 by SSRG - IJEMS Journal |
| Volume 6 Issue 10 |
| Year of Publication : 2019 |
| Authors : Pranjali Das,Gouri Prava Samal |
10.14445/23939125/IJEMS-V6I10P116
How to Cite?
Pranjali Das,Gouri Prava Samal, "Impact of Food Subsidy on Socio-Economic Status of Odisha," SSRG International Journal of Economics and Management Studies, vol. 6, no. 10, pp. 120-123, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I10P116
Abstract:
Odisha, being one of the top FDI destinations of India, is still regarded as one of the poorest state of the country. Odisha is far behind its country across
many developmental aspects. The problem is basically from two aspects, i.e., Social and Economic. To check these problems for the sake of socio-economic upliftment, various types of subsidies are being provided in various sectors by the government from time to time. From the various types of subsidies, Food Subsidy(FS) has a major contribution, which accounts for 41.58 percent of total subsidy on an average. The present paper is an attempt to highlight the socio-economic problems of the state and the contribution of Food Subsidy to minimize them. It also analyses the relationship between Food Subsidy and socio-economic status of Odisha on the basis of certain parameters such as State Gross Domestic Product (SGDP), Per Capita Income (PCI), Human Development Index (HDI) and Unemployment Rate (UR). Various statistical tools like Multiple Correlation and Linear Regression has been applied to analyse the data collected from the secondary sources. The paper concludes that there is no significant relationship as well as significant impact of Food Subsidy with the socio-economic parameters, taken under the present study except HDI. The present attempt will be helpful for the government as well as the policy makers regarding formulation of food subsidy policies.
Keywords:
Socio-economic problems, SGDP, PCI, HDI, UR, Food Subsidy
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