"One country cannot be a model of another country. But any country can be inspired by another" These words are very crucial for the policy maker and researcher. Most of the emperical studies are replicated to other countries or they are conducted on the panel of countries. On the basis of these results policies are laid down. But as each and every country differ in various asepect so it is very imporatnt that country specific studies may be conducted. Instead of replecating the emperical models to other countries, new model may be developed by considering the country specific socio-economic environment.