Abstract
The total value of goods produced and services rendered within a country during a year is its Gross Domestic Products.” GDP is the growth measurement technique. In this research paper, we analyze India’s gross state domestic products (GSDP) data, using the factor analysis model to find out the impact of GSDP contributing factors. There are several methods to test the adequacy of the factor model. Here researcher has used Principal Component factor analysis approaches by varimax rotation method. Data has been collected by the Ministry of statistics & program implementation of year 2017-2018. Basically Indian economy is segmented into three major sectors as primary sector, secondary sector & tertiary sector. Primary sector means “Agriculture, forestry & fishing”, Secondary sector means “Manufacturing, construction & electricity, gas water & other utilities services” and tertiary sectors includes “Trade, Transport, Hotels & financial services” so on. India has 28 states and 9 union territories. But in this paper, we have examined 28 states & 5 union territories on the basis of 15 variables. Factor analysis is the factor redemption technique so here, we have reduced these 15 variables into three common factors.
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