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- W2403519163 abstract "Growth rate of Gross Domestic Product (GDP) is an indicator of the performance of the economy. Numerous attempts are always made to predict the future growth correctly to make the planning process successful. In a market economy like India poverty planning, investment decisions, moderation of liberalization process and in nutshell macro-economic planning depends upon the past performance and future potential of the economy. The optimistic high growth rate during 2004-08 has faded away from Indian economy in 2012-13. Meanwhile, a new party has been elected at center in India. Some crucial decisions to control the economy from declining growth process thus have become imperative for the new government. The high aspirations of the masses needs different outlook and which is only possible with a realistic approach to analyze the past economic performance and predict the future growth correctly. As many of the new measure to correct the economy from declining growth spiral, the new government has done away with the planning commission. What the past –performance of the economy speak? On the basis of this empiricism, we have tried to predict the future. This paper has attempted to forecast the future decadal (2014-2024) growth rate on the basis of past performance of the Indian economy. Adequate moderation has been done to arrive at a conclusion. We have used regression analysis to analyze the empirical data. The time frame of this analysis is 9-year period from 2004 to 2013, based on data availability." @default.
- W2403519163 created "2016-06-24" @default.
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- W2403519163 date "2015-01-01" @default.
- W2403519163 modified "2023-09-27" @default.
- W2403519163 title "Performance of Indian Economy During 2004 to 2013: An Empirical Analysis" @default.
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