Impact Analysis of Higher Education Institutes in Rural Development: A Case Study of BGSB, University Rajouri (J&K)

Abstract

Colleges and Universities are assets to their regional economies, especially because they spend money in their vicinity and provide employment opportunities to local population or we can call it positive externalities. These institutions also play an important role in their local economies by helping regions build their skilled labour force. There is an indirect effect of technology transfer on local economic development: firms may locate in the region to take advantage of new, economically useful ideas generated at universities. Universities affect local housing markets in a unique way through student for rental accommodation. In this research Paper, an attempt has been made to analyze the impact of higher education institutes in rural development, with special focus on Baba Ghulam Shah Badshah University Rajouri. The study will be helpful in bringing the economic impacts of geographically backward Baba Ghulam Shah Badshah University Rajouri on the surrounding communities , as yet no such kind of a study have been undertaken in the particular area. This study will particularly clarify how the rural university affects surrounding community economically. This study once done, will serve as a guide for other researchers to undertake studies which will bring the other effects of said university. This study has found that the there has been positive economic impact of Baba Ghulam Shah Badshah University on its surrounding communities after its establishment, but other things like opening up of shopping malls, coffee shops, enlarging the market as a whole should be done. It’s a need of hour for the state government and the university administration to take proper care and action about the upliftment of the locality.