Open AccessAN EMPIRICAL ANALYSIS OF THE GROWTH WITH STABILITY IN INDIA
Author(s) -
Kishor P. Kadam
Publication year - 2021
Publication title -
paripex indian journal of research
Language(s) - English
DOI - 10.36106/paripex/6505257
Subject(s) - economics , growth rate , real gross domestic product , falling (accident) , stability (learning theory) , macroeconomics , econometrics , monetary economics , medicine , mathematics , computer science , geometry , environmental health , machine learning
The growth rate of GDP is an indicator of the economic performance of Indian economy. In the recent time falling GDPgrowth rate of India is the main concern of a debates among the economist. In this study honest effort made toinvestigates the relationship between growth rate of GDP and stability parameters over a period of 2000-01 to 2017-18.The empirical results of the study shows that there is a positive relationship between CPI and the growth rate of GDPwhereas there were negative relationship between WPI, CAD and GFD and growth rate of GDP in India. Therefore, thestudy suggests that FRBM Acts guidelines should have implemented very systematic and even more strictly to controlthe CAD and GFD. There is need of the effective new policy framework to minimize the government failure.