GDP of India - An Empirical Study

Author(s)	Naman Yadav, Gunjan Singh
Country	India
Abstract	India's long-term economic growth is largely attributed to its government's tax system, which includes Value Added Taxation (VAT) and Goods and Services Tax (GST). This paper analyzes India's GDP growth rate from the year 2014 to 2022. This paper looks at how India's GDP has developed in relation to domestic problems like the COVID-19 pandemic and international economic situations. This study shows the economic trends of various Indian states, focusing on GDP and inflation rates from 2014 to 2031. States like Bihar have experienced high inflation rates, signalling significant economic challenges such as rising living costs and reduced savings. On the other hand, states such as Tamil Nadu and Gujarat have shown more stable inflation, reflecting steady economic growth. Projections for future years suggest consistent GDP growth across most states, with a gradual decrease in inflation, especially in Maharashtra and Karnataka. These trends are critical for shaping effective economic policies that can support balanced growth and stability.
Keywords	GDP, VAT, GST, Economic Trends, Inflation Rates, GDP Growth
Field	Mathematics > Statistics
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-28
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.36279
Short DOI	https://doi.org/g86xb6

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