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Gross Domestic Product and its Components in India. Trends and Issues

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  • Pragyesh Nath Tripathi

Abstract

In this paper focus on the trends of Indian growth in terms of Gross domestic Product and its components. And furthermore analyse the growth are accelerate or decelerate. This paper covers growth performance in India for period 1951-2012. The average annual trend growth of GDP and Its components is higher during the reform phase as compare to the pre-reform phase except Mining and Quarrying and Electricity, Gas and Water Supply. The GDP shows the positive trend with acceleration in overall and sub periods but in case of its components all are positive with acceleration trend except the Electricity, Gas and Water Supply is positive but trend deceleration in overall period. And in case of Mining and Quarrying the results are statistically insignificant. However the structure of GDP and its components in terms of intercepts and slopes are different in post reform phase as compare to the pre reform phase.

Suggested Citation

  • Pragyesh Nath Tripathi, 2015. "Gross Domestic Product and its Components in India. Trends and Issues," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(3), pages 88-104, September.
    • Handle: RePEc:khe:scajes:v:1:y:2015:i:3:p:88-104
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    References listed on IDEAS

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    1. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    2. Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
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    More about this item

    Keywords

    GDP; India; Economic Growth; Pre-Reform and Post-Reform;
    All these keywords.

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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