International Journal of Social Science & Economic Research
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Title:
The Impact of Political Instability on Economic Growth: A Comparative Study Between Gujarat and Bihar From 2010-2020

Authors:
Prisha Rajgarhia

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Prisha Rajgarhia
Step By Step School Noida

MLA 8
Rajgarhia, Prisha. "The Impact of Political Instability on Economic Growth: A Comparative Study Between Gujarat and Bihar From 2010-2020." Int. j. of Social Science and Economic Research, vol. 9, no. 9, Sept. 2024, pp. 3900-3909, doi.org/10.46609/IJSSER.2024.v09i09.042. Accessed Sept. 2024.
APA 6
Rajgarhia, P. (2024, September). The Impact of Political Instability on Economic Growth: A Comparative Study Between Gujarat and Bihar From 2010-2020. Int. j. of Social Science and Economic Research, 9(9), 3900-3909. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i09.042
Chicago
Rajgarhia, Prisha. "The Impact of Political Instability on Economic Growth: A Comparative Study Between Gujarat and Bihar From 2010-2020." Int. j. of Social Science and Economic Research 9, no. 9 (September 2024), 3900-3909. Accessed September, 2024. https://doi.org/10.46609/IJSSER.2024.v09i09.042.

References

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ABSTRACT:
This research paper investigates the impact of political stability on economic growth by comparing the two Indian states of Gujarat and Bihar from 2010 to 2020. The state of Gujarat is renowned for its advanced infrastructure and business-friendly policies, which have led it to become a major economic hub for India. Conversely Bihar has faced frequent government changes and widespread corruption, hampering its economic development. This study examines the governance models and consequent economic outcomes of both states. The research findings indicate how consistent governance in Gujarat has fostered investment and sustained economic development, while political instability in Bihar has deteriorated economic development. Additionally, international examples such as Singapore's stable political environment and Venezuela's monetary instability were also investigated to provide a broader context for understanding the relationship between political stability and economic growth.

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