Impact of Population on Economic Development: Evidence from India

다국어 초록 (Multilingual Abstract)

Purpose: The main purpose of the paper is to find the association between the population and the GDP of India and whether the population has any impact on economic development and growth or not. It aims to find out the impact of the increase in population on economic development. Research design, data, and methodology: Gross domestic product, national income, gross saving, per capita income, and capital formation of the last six years have been taken as the major variable to measure economic growth. For the study, data were collected from the fiscal years 2014-15 through 2020-21. Statistical techniques like correlation and regression have been applied to test the hypotheses. The neural network has been applied to find the fitness of the model. Results: In India, there is no significant relationship has been found between GDP and population. It is found that there is no significant impact of population on economic development. Conclusion: The population is not affecting economic growth-; therefore, it can be said that India is overpopulated. More population is the means as well as the end of economic development. The problem of population explosion in India has proved to be a big hindrance to the success of economic planning and development.