Parikalpana: KIIT Journal of Management

S. N. Misra ¹, Sanjaya Kumar Ghadai ¹

Affiliations
1 School of Management, KIIT University, Bhubaneswar, Odisha, Pin-751024, IN

Abstract

Odisha has been traditionally associated with low Gross Domestic Product (GDP) and Human Development Index (HDI) scores compared to most states of India. However, since 2005 there has a significant turnaround in the States' Domestic Product (SDP), due to private sector participation in industrial activity in a massive way and mining activities. The paper makes an analysis of impact of growth on equity and performance of industries and agricultural productivity. Drawing reference to the higher financial devolution to the states by the 14^th Finance Commission, the paper brings out how major social inclusion schemes like the Integrated Child Development Services (ICDS) are getting a short shrift due to sharp reduction in the centre's share to Centrally Sponsored Schemes (CSS). It underscores the importance of providing quality primary education and health care funded by the government and improving agricultural productivity through increased public investment in irrigation projects. Odisha can realize the full potential of its rich mineral resources by making it a preferred destination for key technology transfer and durable partnership with Original Equipment Manufacturers (OEMs) and design houses of the world.

Keywords

GDP, HDI, SDP, ICDS, CSS, OEMs.

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S. N. Misra ¹, Sanjaya Kumar Ghadai ¹

Affiliations
1 School of Management, KIIT, IN

Abstract

Growth economics gave way to development economics, by evolving measures like Human Development Index (HDI), Gender Inequality Index (GII) to address the long term need to improve human development capabilities. Developing economies like India have unfortunately not given adequate attention to quality dimensions in primary education, health care and sanitation. This year’s NobelPrize winners in economics have made a yeoman contribution to development economics by using Randomized Control Trial (RCT) tools to determine what works for people to embrace higher human development. This paper brings out the evolution of development economics and the design of RCT to arrive at startling f indings in the f ield of education, health; by combining, handholding with incentives in such trials. It brings out the def icient areas where India is yet to catch up such as Millennium Development Goals (MDG) and Sustainable Development Goals (SDG).And why it’s necessary to abdicate ideological blinkers in pursuit of economic pragmatism to promote socio economic justice. While there are contrarian viewpoints regarding universalisation of RCT f indings, there is unanimity that these are refreshing tool to make an objective assessment how to f ight poverty, illiteracy and ill health.

Keywords

HDI, GII, RCT, MDG, SDG.

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Sanjaya Kumar Ghadai ¹, Sucharita Pradhan ¹, Gopabandhu Sahu ¹

Affiliations
1 School of Management, KIIT, IN

Abstract

KIIT School of Management (KSOM), earlier known as IBAT School of Management came under KIIT University in the year 2004.The school, along with its flagship programme MBA, also offers BBA and Ph.D. degrees. The first Ph.D. thesis was awarded, in the year 2008 (after four years of becoming university).

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