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2019•Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Open access

Estimation, Analysis and Projection of India's GDP

daga, uram raj, Bhishma Maheshwari, Rituparna Das

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Abstract

The government of India has started Economic Reform program following the guidelines of IMF and World Bank with a number of ends keeping in view, one of which is that this program would boost up the annual growth of GDP. This paper examines and forecasts the trend of GDP during pre and post reform periods and tracks GDP movement. In the process it has developed forecasting formula. The sector comprising Trade, Transport, Storage and Communication is found to contribute the maximum and the sector comprising Financing, Insurance, Real Estate and Business Services is found to contribute the minimum to the GDP trend under study.

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What this paper is about

The government of India has started Economic Reform program following the guidelines of IMF and World Bank with a number of ends keeping in view, one of which is that this program would boost up the annual growth of GDP. This paper examines and forecasts the trend of GDP during pre and post reform periods and tracks GDP movement. In the process it has developed forecasting formula. The sector comprising Trade, Transport, Storage and Communication is found to contribute the maximum and the sector comprising Financing, Insurance, Real Estate and Business Services is found to contribute the minimum to the GDP trend under study.

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Available abstract

The government of India has started Economic Reform program following the guidelines of IMF and World Bank with a number of ends keeping in view, one of which is that this program would boost up the annual growth of GDP. This paper examines and forecasts the trend of GDP during pre and post reform periods and tracks GDP movement. In the process it has developed forecasting formula. The sector comprising Trade, Transport, Storage and Communication is found to contribute the maximum and the sector comprising Financing, Insurance, Real Estate and Business Services is found to contribute the minimum to the GDP trend under study.

Key concepts: Gross domestic product, Real gross domestic product, Economics, Excise, Goods and services, Gross private domestic investment, GDP deflator, Order (exchange)

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