Indian Journal of Economics and Development

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An Empirical Analysis of Relation between Income, Consumption and Investment of Rural Haryana


Affiliations
1 Haryana School of Business, Guru Jambheshwar University of Science & Technology, Hisar-125001, Haryana, India
 

Objectives: The present study aims to analyse the Relation between Income, Consumption and Investment of Rural Haryana.

Methods/Statistical analysis: This study is based on the primary data A questionnaire is prepared and the personal interviews method is used to collect the primary data from rural household. The sample selected involved 100 households. Stratified random sampling technique is used for sample selection. Haryana is divided into four divisions for administrative purpose that is Ambala, Rohtak, Gurgaon and Hisar. Data collected is analyzed by using regression analysis and MANOVA.

Findings: The regression outcome shows that there is a significant relationship between household income and household consumption expenditure and there is also a significant relationship between household income and household investment in rural Haryana. As the income of the household increases, simultaneously there is high increase in consumption expenditure as compared to investment. MANOVA results revealed that there is no significant relationship between income and consumption expenditure, but it is significant in case of total investment

Application/Improvements: In Haryana none of the study has been conducted to measure or analyse relationship between income, consumption and investment of rural household especially at micro level. Most of the studies on income, consumption and investment pattern of rural people are based on secondary data which sometimes does not prove to be adequate for the study. Most of the data available does not serve the needs of Haryana in a ground level prospective. So the current research paper seeks to analyse the relationship between Income, Consumption and Investment of rural Haryana.


Keywords

Income, Consumption, Investment, Regression Analysis, Rural Household, Relationship.
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  • An Empirical Analysis of Relation between Income, Consumption and Investment of Rural Haryana

Abstract Views: 435  |  PDF Views: 283

Authors

Shveta Singh
Haryana School of Business, Guru Jambheshwar University of Science & Technology, Hisar-125001, Haryana, India
Urmila
Haryana School of Business, Guru Jambheshwar University of Science & Technology, Hisar-125001, Haryana, India

Abstract


Objectives: The present study aims to analyse the Relation between Income, Consumption and Investment of Rural Haryana.

Methods/Statistical analysis: This study is based on the primary data A questionnaire is prepared and the personal interviews method is used to collect the primary data from rural household. The sample selected involved 100 households. Stratified random sampling technique is used for sample selection. Haryana is divided into four divisions for administrative purpose that is Ambala, Rohtak, Gurgaon and Hisar. Data collected is analyzed by using regression analysis and MANOVA.

Findings: The regression outcome shows that there is a significant relationship between household income and household consumption expenditure and there is also a significant relationship between household income and household investment in rural Haryana. As the income of the household increases, simultaneously there is high increase in consumption expenditure as compared to investment. MANOVA results revealed that there is no significant relationship between income and consumption expenditure, but it is significant in case of total investment

Application/Improvements: In Haryana none of the study has been conducted to measure or analyse relationship between income, consumption and investment of rural household especially at micro level. Most of the studies on income, consumption and investment pattern of rural people are based on secondary data which sometimes does not prove to be adequate for the study. Most of the data available does not serve the needs of Haryana in a ground level prospective. So the current research paper seeks to analyse the relationship between Income, Consumption and Investment of rural Haryana.


Keywords


Income, Consumption, Investment, Regression Analysis, Rural Household, Relationship.

References