A Study on Sectorial Contribution of GDP in India from 2010 to 2019
G. Sabitha *
Anurag University, India.
*Author to whom correspondence should be addressed.
Abstract
Aims: The GDP growth of Indian Economy had touched the six year low in the first financial quarter of April-June 2020. It touched 5.8% growth in January-March, although in nominal terms India’s GDP grew by 7.99% which is also lowest. This paper amid at studying the impact on key sectors bearing the brunt of Indian Economy slowdown is Agriculture, Automobile, Real Estate, and FMCG among others.
Study Design: Secondary data is used for the present study. The dependent variable in the study is GDP components and sectors are considered independent variables.
Place and Duration of Study: The data has been collected for the period 2015 to 2019. Data is related to contribution of sectors to Indian GDP is considered.
Methodology: GDP is measured by a number of components but in this study only Agriculture, Manufacturing, Construction, Mining, Public Administration and Utilities sectors, were selected as major components for the period selected for the study. Correlation and Multiple regressions have been used to analyze the collected data.
Results: Coefficient of agriculture parameter tells dependability of agriculture sector on GDP. Simultaneously manufacturing, public administration and utilities have positively dependability on GDP. Whereas mining sector that tells about no dependability of mining sector on GDP.
Conclusion: There is a significant relationship between correlation values of agriculture, construction, manufacturing, mining, public administration and utilities with GDP. So, null hypothesis has been rejected.
Keywords: GDP, Indian Economy, sectorial contribution, automobile, agriculture, construction, manufacturing and mining.