Open Access Open Access  Restricted Access Subscription Access

ANALYSING THE IMPACT OF FINAL CONSUMPTION ON GDP GROWTH IN INDIA USING REGRESSION

Kushal Chavan

Abstract


India’s economy is growing rapidly, and a large part of it is contributed by final consumption which comprises of household expenditure and the government spending on goods and services. This paper investigates the relationship between final consumption and GDP growth in India. Linear regression is performed for the data ranging from 1960 to 2022. The findings reveal that there is a significant relationship between GDP growth and final consumption. The outcomes of this paper may assist the policymakers to formulate policies and strategies regarding economic growth.


Full Text:

PDF

References


• Balacescu, Aniela & Zaharia. (2012). A STATISTICAL ANALYSIS OF GDP AND FINAL CONSUMPTION USING SIMPLE LINEAR REGRESSION. THE CASE OF ROMANIA 1990-2010.

• Anghelache, Constantin. (2011). ANALYSIS OF THE CORRELATION BETWEEN GDP AND THE FINAL CONSUMPTION.

• Shukla, Sushma. (2020). THE IMPACT OF MACROECONOMIC VARIABLES ON ECONOMIC GROWTH: EMPERICAL EVIDENCE FROM INDIA.

• Anghelache, Constantin & Manole, Alexandru & Anghel, MadalinaGabriela. (2015). ANALYSIS OF FINAL CONSUMPTION, GROSS INVESTMENT, THE CHANGES IN INVENTORIES AND NET EXPORTS INFLUENCE OF GDP EVOLUTION, BY MULTIPLE REGRESSION.

• https://www.macrotrends.net

• https://data.worldbank.org


Refbacks

  • There are currently no refbacks.