Impact of Selected Investment Avenues on GDP

Parmeshwari and Dr.P.V. Vijay Kumar Reddy

The GDP is the key indicator of economic growth of our Indian Economy. The present paper studies the correlation between the investment in banks, debt market, equity market and gold with GDP for the period of 22 years from 1994-95 to 2015-16 in India. The main aim of the study is to know the impact of these investment on GDP. ADF test is used for stationary of data. Johansen co integration test, granger causality test are also applied. Robust least square method is used. Major finding of the study was that Bank and Debt have influence on GDP. Gold do not have any impact on GDP.

Volume 11 | Issue 2

Pages: 55-59