Economic Growth and Reforms in India: An ARDL Approach

Author(s)	Ms. Pooja Jain, Prof. J.N. Sharma
Country	India
Abstract	The study aims to evaluate the role of determinants of economic growth considering pre- & post-economic reforms periods in India. Time-series data from 1980-81 to 2020-2021 was collected & analyzed under the framework of the Autoregressive Distributed Lag methodology. It has been found that none of the considered determinants of growth have significant effects in the long-run. The estimates of short-run ARDL model show that employment has negative significant impact on economic growth. In post-reforms period, employment is positively & significantly affecting the growth in India.
Keywords	Gross domestic product, Economic reforms, Foreign direct investment, Gross capital formation, ARDL model
Field	Sociology > Economics
Published In	Volume 7, Issue 2, March-April 2025
Published On	2025-04-09
DOI	https://doi.org/10.36948/ijfmr.2025.v07i02.41137

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