1Prashant Kumar, 2Professor V.N.Gupta, 3Professor Kanchan Lata Sinha
1Research Scholar, Department of Commerce, Kalinga University, Naya Raipur, Chhattisgarh, India
2,3Faculty of Commerce and Management, Pt. Lalit Mohan Sharma P.G.College, Sri Dev Suman Campus Rishikesh, Uttarakhand
DOI : https://doi.org/10.47191/ijmra/v7-i09-52
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ABSTRACT:
This study examines the economic impact of the One District One Product (ODOP) scheme on state-level GDP growth in India using time-series econometric models from 2011 to 2023. The ODOP initiative, launched by the Indian government, aims to promote regional economic development by fostering unique local products from each district. By employing Vector Autoregression (VAR) and Johansen Co-Integration methods, the research quantitatively assesses the causal relationship between the ODOP scheme and GDP growth across various states. Preliminary findings suggest that ODOP significantly contributes to regional GDP, particularly through enhancing local production and market reach, thereby integrating regional economies into national and global value chains. This study underscores the importance of targeted regional policies in achieving broader economic objectives and fostering sustainable development. It also highlights the ODOP scheme’s role in promoting traditional products and skills, which aligns with the government's larger goals of a self-reliant India.
KEYWORDS:ODOP Scheme, Regional Development, GDP Growth, Econometric Analysis, India.
JEL Codes:R11, O18, C32
REFERENCES1) Mishra, A., & Singh, R. (2022). Impact of the ODOP scheme on exports and regional development in Uttar Pradesh. Journal of Regional Economic Studies, 14(3), 45-67.
2) Sharma, V. (2023). One District One Product (ODOP): A catalyst for India’s economic growth. Indian Economic Review, 28(1), 89-104.
3) Srivastava, P. (2021). Leveraging local resources for national growth: The ODOP scheme in India. Journal of Development Policy and Practice, 9(2), 133-150.
4) Verma, S. (2020). ODOP and rural transformation: A study on employment and income generation. International Journal of Rural Development, 22(4), 72-85.
5) Chakraborty, S. (2022). ODOP and income distribution: An analysis of district-level impacts. Journal of Economic Policy Research, 19(4), 58-72.
6) Kumar, R., & Gupta, P. (2020). The role of ODOP in preserving traditional crafts and boosting local economies. Journal of Rural Economic Studies, 15(2), 33-47.
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10) Mehta, K., & Bansal, R. (2022). Women’s empowerment through the ODOP scheme: Evidence from rural districts. Gender and Development Journal, 13(2), 54-69.
11) Rao, V. (2020). ODOP and sustainable development: Balancing economic growth with environmental stewardship. Environmental Economics and Policy Studies, 22(3), 112-129.
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17) Reddy, A., & Choudhury, N. (2022). Cultural Heritage and Economic Development: A Comprehensive Study of ODOP in Northeast India. North-Eastern Historical Review, 34(1), 97-115.
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19) Malhotra, V., & Singh, N. (2023). Skill Development in ODOP: Training, Challenges, and Future Prospects. Education and Training in Development Policy, 25(1), 50-69.
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21) Prasad, B., & Verma, R. (2022). Sustainability and Eco-friendly Practices in ODOP Initiatives. Journal of Sustainable Development, 29(2), 112-130.
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Volume 07 Issue 09 September 2024
There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.
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