Assessment of Public Discernment on Factors Influencing the Declined Gross Domestic Product of India

Abstract

Gross Domestic Product of India being discouraging at present with declining trend, has paved the way to find out the economic reasons through highly established literature, observations and common sense applications should be perceived by public in line with which factor influences the most backed by rationality. There have been certain factors such as improper execution of demonetisation policy, initial stoppage of money flow through GST, decreased consumption of goods, unavailability of banking credits and loans, diminished investments, discontinuous government overheads, declined exports and lowering Industrialisation have been found imperative to influence on GDP. Having the objective to identify the knowledge and assess the perception of the public on the factors, the study went through a method mix of descriptive research, quantitative approach and cross sectional design with a standard questionnaire intended to get the responses from the different people from Srikakulam District of Andhra Pradesh. Multiple Regression Analysis was used to analyse the weightage of each independent factor on the decline of GDP. Conclusion on the level of knowledge and perception on the factors have been established.