Year: 2025
Type: article
Abstract: India, the nation that ranks seventh in terms of geographical expanse and second in terms of population worldwide, is a multifaceted and dynamic country with a wealth of cultural legacy. Throughout its history, India has observed notable contrasts between regions regarding economic progress, infrastructure, and the availability of essential resources. Appreciating the significance of rectifying these disparities and facilitating equitable progress throughout the nation, the Indian government has enacted diverse policies and initiatives to nurture regional development. Research Significance: Comprehensive research on regional development in India holds immense importance in comprehending and resolving the inequalities that exist between different regions. Such research not only guides policy decisions but also tackles regional disparities, encourages inclusive growth, attracts investments, supports sustainable development, and allows for the evaluation of policy effectiveness. The significance of regional development in India lies in its capacity to address longstanding regional disparities, foster inclusive growth, and facilitate overall national progress. Given India's vastness and diversity, with substantial variations in economic development, infrastructure, and access to basic amenities across its states and regions, focusing on regional development becomes crucial for achieving balanced and comprehensive national development. Methodology: The GRA (Grey Relational Analysis) technique proves to be highly valuable when confronted with intricate systems or scenarios where data may be scarce, uncertain, or imprecise. It provides researchers and decision-makers with the ability to assess the relative significance and impact of numerous factors or variables on a particular outcome. Alternative Parameter: “Development in region 1, Development in region 2, Development in region 3, Development in region 4, Development in region 5, Development in region 6”. Evaluation Parameter: “Job Creation, Improve in energy security, Skill development in manpower, Air Pollution, Water Pollution, Health hazards”. Result: Region 1 secures the top rank, indicating its position as the highest-performing region. Region 5 follows closely with the second rank, while region 4 takes the third rank. Region 6 occupies the fourth rank, and region 3 holds the fifth rank. In contrast, region 2 obtains the lowest rank of six, signifying its relatively lower performance compared to the other regions. Conclusion: The rankings obtained through the GRA method facilitate a comparative evaluation of the regions' development performance, taking into account the analyzed factors. They are instrumental in identifying regions with the highest and lowest levels of performance, thereby aiding decision-making and enabling further assessments of regional development strategies.
Source: Trends in Finance and Economics
DOI: 10.46632/tfe/2/1/11
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4409869258