Main Article Content
Abstract
This paper indicates to the analytical study of public expenditure and economic development in India from year 2000 to 2019.This analysis is the interplay of public expenditure and economic development to face global challenges successfully in this modern era toward Resurgent India. We used Augmented Dickey fuller test’, ‘ Granger causality test ’and Co integration test to find the applicable and appreciable results from this paper .Prima facie this analysis shows that there is a very logical and exponential relation between Public Expenditure and economic development. We find the positive result of shocks from total public expenditure and Gross domestic product and vice versa. This analysis is done only for economic growth of India through public expenditure by government schemes launched successfully in every district for becoming the developed country in the presence scenario. Total public expenditure (TPE) played very important role for human development to enhance the banking system, infrastructure development, defense, agriculture production, education, healthcare, MSME and research & development in entire country. This analysis is based on using fundamental Techniques of statistics and management tools for calculation through Dynamics and mathematical model. Therefore we can finally analyze that economic growth that it is very important and crucial factor for economic development of India. Government schemes are launched to implement successfully based on the boost up of total public expenditure and economic development towards Resurgent India. This is the global vision to make our country first largest economy in the world.