GDP of India - An Empirical Study
Year: 2025
Type: article
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.
Authors: Naman Yadav -, Gunjan Singh -
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4408102649