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Analysis Study Research Paper | Economics | India | Volume 13 Issue 2, February 2024 | Popularity: 4.9 / 10

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A Time Series Analysis of Gross Domestic Product and Gross Domestic Capital Formation: The Post Reform Analysis in India

Dr. Rajiv Lochan Jena

Abstract: This study delves into the dynamics of Gross Domestic Product (GDP) and Gross Domestic Capital Formation (GDCF) in India from 1991 to 2017, spotlighting the pivotal role of capital formation in economic growth, particularly post - economic reforms initiated in 1991 in India. The research meticulously analyzes the patterns and impacts of gross domestic capital formation on India?s economic development and highlighting significant transformations in GDP and GDCF. Through an extensive literature review and empirical analysis across six zones of Indian states, the study establishes a robust relationship between capital formation and economic expansion. The findings underscore the importance of enhancing domestic investment policies, minimizing import tariffs on capital goods, and boosting investment in export promotion industries to stimulate GDP growth. The research contributes to a deeper understanding of the economic growth mechanism in India, offering valuable insights for policymakers aiming to faster sustainable economic development.

Keywords: Economic growth, Gross Domestic Product (GDP), Gross Domestic Capital Formation (GDCF), Trend analysis, Investment policies

Edition: Volume 13 Issue 2, February 2024

Pages: 1821 - 1826

DOI: https://www.doi.org/10.21275/SR24228070842

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