Graduation Year
2023
Date of Submission
4-2023
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Philosophy, Politics, and Economics (PPE)
Reader 1
Cameron Shelton
Abstract
India, like many other countries around the world, has a rapidly aging population. Unlike most developed nations, however, India’s economy is not growing quickly enough to adequately support the increase in old age population share. Using district-level data from the Indian Census and the International Crops Research Institute for the Semi-Arid Tropics, this study performs linear regressions to analyze the impact that aging has on GDP growth and infrastructure investment. GDP growth is examined in the primary, secondary, and tertiary sectors, while the focus of infrastructure investment is on roads and banks. The study finds that a higher old age share has a positive effect on GDP growth in the secondary sector, mixed effects on road growth, and a negative effect on bank growth. These findings display strong variation between districts and regions, highlighting the need for both local and national efforts to drive economic growth amidst the widespread aging trend.
Recommended Citation
Tekchandani, Sahil, "Examining the Impact of Aging on Gross Domestic Product (GDP) Growth and Infrastructure Investment in India: A District-Level Study" (2023). CMC Senior Theses. 3374.
https://scholarship.claremont.edu/cmc_theses/3374
