VARIATION IN GROWTH RATE OF INDIAN GROSS DOMESTICAL PRODUCT AND GROSS DOMESTIC PRODUCT AT MARKET PRICE - A CAUSE ANALYSIS OF ECONOMIC INDICATOR

Abstract

GDP indicates the financial health of a country as a whole-which is actually a hunting ground of researchers in the field of business in general and of economics in particular. The issues of GDP has become the most concerned amongst macro economy variables and data on GDP is regarded as the important index for assessing the national economic development and for judging the operating status of macro economy as a whole .Computation of GDP at market price using Expenditure Method is the productive method used by Indian economist and in the present study GDP is computed using the same by the researcher for five years and the result matched with published GDP value.  An attempt is made to analyse the cause effect of change in economic indicators like, sectoral contribution, fiscal deficit and trade deficit have its impact on the variation of trend of GDP at market price and GDP growth percentage.  Hence, this study presents a cause effect analysis of economic indicators on the GDP Growth which in turn have an impact on the Indian trajectory of economic change.