Exploratory Data Analysis on Indian economy using Python

Abstract

Abstract: The research aims to study the dataset of overall country's economy considering factors such as GDP (gross domestic product), FDI (foreign direct investment), import value, export value and to analyse the data using exploratory data analysis technique. The data analysis is done using Python. The mentioned parameters are compared and analysed using statistical tools and visual analysis. Since Python is a high-level language, they give more feasible approach to the statistical analysis. Technically for data computing and plotting statistical analysis were tested by scatter plotting. The data are compared and plotted in graphs using python. GDP growth of India from the year 1960 to 2020 were analysed and studied in the form of graph. Variations of parameters like FDI, Trade balance, Export, import with respect to GDP were analysed from the year 1960 to 2020. State-wise GDP contribution for top 5 and least 5 states were discussed from the year 2012 to 2019. Sector-wise FDI contribution were studied for various important sectors were studied from the year 2013 to 2017. Line graph, Scatter plot, Bar graphs were used to interpret the data and analysis results.