Indian GDP Research Articles

Machine Learning-Based Electricity Load Forecast for the Agriculture Sector

A large section of the population has a source of income from the agriculture sector, but their share in the Indian GDP is low. Thus, there is a need to forecast energy to improve and increase productivity. The main sources of energy in agriculture are electricity, coal, and diesel. Among them, electricity plays an important role in land irrigation. Power forecasting is also essential for demand response management. Thus, any process that dissolves future consumption is favorable. This article presents a time series-based technique for forecasting medium-term load in agriculture. The aim is to find the peak periods of power consumption by months and seasons using statistical and machine learning-based techniques. The result shows that SARIMA has lower RMSE and exponential smoothing has lower RMSPE error than random forest and LSTM, which makes the statistical approach more efficient than intelligent approach for historical datasets. The season-wise peak demand occurs during the Rabi season. Finally, five-year ahead load in the agriculture sector was determined using the best models.

Public Debt and Economic Growth of India: An ARDL Approach

This paper deals with the short and long-run relationship between public debt and economic growth for 1991-2020 by employing the autoregressive distributed lag (ARDL) model in India. It was found that there was a significant negative impact of internal and total public debt on the GDP of India. However, the external debt of India was not impacted the GDP in the short run. In the long run, there was no such relationship with GDP. The bound test of the long-run coefficient also did not find any significant long-run relationship among the variables. This study recommended that government should avoid unnecessary debt and take steps to maintain economic stability by minimizing the debt.

SUSTAINABLE PRACTICES IN INDIA BY OIL & GAS INDUSTRY: AN OVERVIEW

The UN introduced the 17 Sustainable Development Goals (SDGs) in 2015 under 17 indivisible goals and 169 targets. These goals give a comprehensive attitude in addressing the issues of society, environment, and economy. The Oil and Gas (O&G) industry is a major contributor to the overall GDP of India. India is a net crude oil importer and has good refining capacities. In general, the O&G industry can contribute to all 17 SDGs. However, most industries focus on certain goals that are in alliance with their company. This paper gives a quantitative content analysis about the involvement of the major 5 Indian O&G industries involvement in sustainability. The frequency of projects and policies by each industry toward Sustainable Development Goals are computed. From analysis, it is concluded that these 5 Indian firms largely concentrate on Goals 12 and 13. KEYWORDS: Sustainable Development Goals, Oil and Gas Industry, quantitative content analysis, sustainability, Indian refineries

Covid-19 Paralyzing the Backbone of Indian Economy

The Indian government’s three-decade-old economic reforms altered the terrain of various sectors of the Indian economy. The banking sector was no exception. As a result of reforms, this industry has seen significant changes. The banking sector plays vital role because it provides one of the most critical services for a developing economy. India is one of the largest economy in the world and its US$ 2.52 trillion1 banking industry is the backbone of the Indian economy. The sector recovered well from global financial crisis and demonstrated its resilience when the industrialized economies were affected. The banking sector in India is booming, thanks to the government’s efforts to increase financial inclusion. Today service sector contributes half to Indian GDP and banking makes up chunk of it. India must continue to exploit the growth of banking sector which will help in achieving the distant goal of becoming a developed economy.

Examining the Effect of COVID-19 on rail freight volume and revenue using the ARIMA forecasting model and assessing the resilience of Indian railways during the pandemic

India implemented a nationwide lockdown on 22 March 2020 to prevent Coronavirus (COVID-19) from spreading throughout the nation. Only the most critical services were running during this period. As a result of the pandemic, several organizations, including the travel industry, put a moratorium in place. This included the Indian Railways. In spite of the lockdown, the freight services were operational and carrying out essential duties, but the volume of freight and revenue generated was adversely affected. Railways contribute around 1% to the overall GDP of India and a significant part of India's economy is freight transport by rail. This necessitates an analysis of rail freight volume and corresponding revenue loss due to COVID-19. The present study is an attempt to estimate these losses. Based on the monthly historical data the present study employed the ARIMA forecasting model to develop a scenario and measure freight volume without COVID-19. Under the first scenario, month-wise actual historical freight volumes were considered for the period from April 2012 to November 2021. On the other hand, in the second scenario, the monthly historical data from April 2012 to March 2020 and from October 2020 to November 2021 were used as-is, while from April 2020 to September 2020, ARIMA modelling was used to forecast freight volume without the effect of COVID-19, since the first lockdown occurred in the latter days of March 2020. Further, in order to predict revenue loss, we developed a linear regression model based on the temporal data (April 2012–November 2021) for freight volume and revenue generated by Indian Railways. Based on the ARIMA modelling, the total loss of freight volume and revenue was estimated at 149.08 million tonnes and INR 16712.68 crores, respectively. Furthermore, the present study also discusses the resilience shown by the Indian railways during the outbreak of COVID-19.

The Effect of Changing Population and Inflation on the Indian GDP

The Effect of Changing Population and Inflation on the Indian GDP

AN OVERVIEW OF INNOVATIVE PRODUCTS AND TECHNIQUES IN BANKING INDUSTRIES

The financial area in India has been various changes. The banks are the life savers of the economy and assume a synergist part in enacting and supporting financial development, particularly, in emerging nations and India is no exemption. Driving supporter for GDP in India is Banking Industry. The vast majority of the banks have started to adopt an enhance strategy towards banking, with the target of making more incentive for clients in the banks. Banking in India has previously gone through a gigantic change in the years since freedom. These days we have E Banking framework alongside money notes. India's financial framework can make another instrument alongside liquidity and wellbeing. The Indian financial area where presented appearance of the card, presentation of Electronic Clearing Service (ECS) in 1990's such as “EFT, RTGS, NEFT” versatile banking, web-based banking are the different developments in banking. This paper focuses an outline of advancements in financial area. Keywords: Innovate banking. Challenges of banking, New Technological changes, Indian banking sector

Significance and Impact of Financial Inclusion on Indian Economy: An Empirical Study

Purpose: This research is an attempt to assess the current state of financial inclusion empirically, its significance and impact in the Indian context. Methodology: The present study examines the impact of financial inclusion on the economic growth of India. A multiple regression model was developed based on secondary data from 2010-11 to 2019-20. Findings: The results of the study found a positive as well as a significant impact on the total number of transactions through ICT-A/Cs-BC and the number of basic saving bank deposit account (BSBDA) on the GDP of India. Hence, the study concludes that financial inclusion has a significant impact on the growth of the Indian economy. Practical Implications: The concept of financial inclusion in the context of macroeconomics gives researcher innumerable opportunities to explore. The paper allows future researchers an opportunity to study the change in financial behaviour of the people after being financially included, to discuss the technicalities and dynamics of our financial inclusion indicators, and to suggest policymaking that may align for successful implementation of financial literacy, Originality/ Value: Financial inclusion aims to include each individual in the financial framework of the country. It focuses on the accessibility and affordability of banking services for everyone irrespective of their financial status. This study by and large analyses the quantitative aspects of financial inclusion, its impact and significance on the Indian economy from the empirical research point of view.

A study on green initiative towards customer satisfaction in hotels

Hotel industry is one of the leading industries and has been a congruous force behind the enormous development Indian GDP. This is leading era the world is travelling towards the globalization and total imbalance of the ecology, green practices, and waste management. It has also been seen that these days there’s a lot of number of hotels has been increased. Hotels has maximum number of contributions towards the waste management. Hotels are most high consumption of natural resources center. There are many green practices are conducting in different star categories hotels. It is very important to find out the major important role of green practices or waste management in hotels. This paper shows the overview of green practices or waste management practices in India and some suggestion towards the major problems. These days many green practices like reduce reuse and recycle can provide a benefit to the hotel industry Presently there are improper number of waste management practices in the industry. Absence of preferable infrastructure, equipment and facilities miscalculation of waste generation, technical skill, inappropriate planning are the major and problems which leads towards the poor collection and transportations.The main objective of this paper is to lead towards the management of hotel waste to create ecofriendly or sustainable business along with the profit generation. It shows that proper management towards the waste management can leads to the profit business and pollution free environment. Major objective is to crux the overall fulfilment of green practices in hotel industry and to meet the need and requirement of the customers. It is completely related to the guest concern and how to reach the maximum customer as in term of satisfaction.

Navigating Determinants of India’s Business Relations with GCC Countries : Evidence from the Gravity Model Theory

This research paper examined the determinants of India’s business relations with Gulf Cooperation Council countries from 1995 – 2019 using the gravity model theory based on the theoretical underpinning of Nobel Laureate Jan Tinbergen. The study focused on identifying variables that influenced India’s trade with GCC countries along with predicting the trade potential. The empirical findings were obtained through the random-effects model and fixed effects model. The Hausman test suggested that the random-effects model was more appropriate than the fixed effect model. The findings of the study stated that the GDP of India, GDP of Gulf countries, the population of Gulf countries, India’s economic integration with the world, India’s economic integration with GCC, trading affinity, and diaspora had a positive and significant impact on India’s bilateral trade relations with GCC, while foreign direct investment had a positive and insignificant impact. The analysis further revealed that distance, terms of trade, exchange rate, and language had a negative and significant effect on bilateral trade relations. The market size of the host country had a negative but insignificant impact on India’s trade with GCC. India has trade potential with Bahrain and Kuwait, while India has overtraded other GCC countries. The negative value of the coefficient of convergence of actual trade and potential trade indicated a lack of equilibrium in India’s estimated trade flows with GCC countries, but the insignificant p-value did not support the argument. A strong economic tie with GCC will boost the Indian industry and offer a strategic edge internationally.

Investigation of Causality Relation between State Governments' Expenditure and GDP in India

Investigation of Causality Relation between State Governments' Expenditure and GDP in India

Investigation of Causality Relation between State Governments' Expenditure and GDP in India

Investigation of Causality Relation between State Governments' Expenditure and GDP in India

GDP of Indian Economy and Its Impact on Inflation

Abstract: Paper focuses on relationship and collision of inflation and population growth with GDP. This paper investigates the impact of Inflation and Population on GDP of India. The change in GDP is taken as dependent variable while Population and Inflation are considered as independent variables. The data have been taken from secondary sources i.e. financial reports of the RBI and World Bank. The period of the study comprehends twenty years as it provides us a sound analytical position for observing GDP, Population and Inflation at the national level of the Indian economy. The analysis has been carried out with the help of correlation, regression analysis, t-test and ANOVA model using SPSS software. Keywords: Inflation, GDP, Regression, Tax bracket.

A dissection of Indian growth using a DSGE filter

In order to build a strong and sustainable recovery post the COVID-19 pandemic, we need to draw important observations from the growth experience of the past. In this context, this paper uses a dynamic stochastic general equilibrium (DSGE) model that takes into account persistent growth rate shocks to decompose the Indian GDP into potential output and output gap. Apart from analysing the trajectory of potential output-output gap, it also examines their underlying drivers. The results suggest that a combined deceleration in neutral and investment-specific technology growth post 2016, brought down the potential growth to around 6 per cent in 2020Q1. The output gap also witnessed a persistent decline since 2018Q1, primarily due to weak demand and a rise in investment adjustment costs reflecting heightened stress in the investment and financial sectors. A forecasting exercise is also undertaken which shows that the estimates of output gap from the model possess competing inflation forecasting ability compared to HP filtered output gap.

A Short Note on Strategies made by the Government of India for the Endurance of MSMEs Post Pandemic - Covid 19

In Indian economy, the micro,small,medium enterprises MSMEs plays a crucial part in many structures. The commitment of the area represents 29% of Indian GDP, and utilizes more than 11 crore individuals in its 6.3 crore endeavors. Nonetheless, the COVID-19 pandemic significantly affects msmes in India, this area had nearly crash-arrived in 2020, confronting a solid withdrawal in income . The area had experienced the most in guaranteeing business coherence, tested by serious liquidity reserves and diminished request.During the emergency, it’s the public authority’s liability regarding the focused on area to give means to endure what is going on and again to raise MSMEs area and furthermore the Indian GDP. Here we will take a gander at the few drives taken by the public authority of india to work on the msme area from the ruin happened because of pandemic Coronavirus.

The Indian Growth Acceleration: A Brazilian Demand-led Insight

With an average GDP growth rate of more than 6% India was one of the most dynamic economies in the twenty-first century. The conventional narrative stresses on the success of the New Economic Policy (NEP) implementation since 1990s as a process of liberalization and global insertion of Indian economy that caused growth. Introducing some nuance on this conceptualization, the main objective of this article is to discuss on the drivers of the Indian GDP growth between 1990 and 2015 from a Brazilian demand-led approach, paying main attention on the role of autonomous expenditures. Particularly, after clustering some Indian growth interpretations and data, the Brazilian debate between Furtado and Tavares is used to discuss the Indian growth acceleration. This blend of Brazilian and Indian authors and conceptual contributions is original in nature. Without ignoring the export contribution, we point out the relevance of upper class/cast ‘autonomous’ consumption (fueled by credit boom and real wage smooth increase), residential and government gross domestic capital formation (GDCF) and anticyclical fiscal policies.

Impact of Indias Export on Indian GDP after Liberalisation

Abstract: Economic and political policy interventions were reflected on the economic development of the countries with respect to improving economic and social well-being of poor, market productivity and considerable growth rate in GDP. Specifically, in Indian context, these economic decisions have been a considerable influence on inclusive growth of the nation. It is evidence that India embarked on economic reforms in July, 1991, from the effect of a balance of payment crisis. The government initiated economic reforms basically is to provide an environment of sustainable growth and stability. Thereby the LPG (Liberalization, Privatization and Globalization) system has come to the picture for economic progress of the country. Thepresent study investigates the linkage between foreign trade trends of India and its economic development in the light of economic reforms in India since 25 years (1991-2016). The outcomes of the study strongly support that there is a causal relationship between exports to GDP and GDP to exports and also causality between imports to exports in India.

A COMPARATIVE STUDY ON HRM POLICIES AND PRACTICES IN NATIONALIZED AND PRIVATE SECTOR BANKS

A study of understanding the aspects which drive Information Technology services start-ups to effectively manage to start up, sustain and grow the business in India is explored in this study. After the initial 2 years of the venture formation, start-up saga continues to the growth stages and understanding the challenges of sustaining and growing the Information Technology Services start-up organizations in India, which has been a major contributor to Indian Exports and GDP growth has been the core research area of this study. The business challenges faced during initial set up years (0-2 years) may vary from business challenges faced during growth years (2-10 years). Research Objectives focus on studying initial years as well as growth years of the Information Technology Services start-ups to understand the similarities, differences in the attributes needed during various lifecycle stages of the organization. The qualitative study addresses understanding the characteristics of success factors in Information technology services start-up and the specific problem in the lack of understanding the various business challenges and reasons behind various aspects that leads to the success or failure of technology start-ups. Key words: Job satisfaction, achievement, training development, HRM an improved success rate for start-ups may help to attract investors, might retain existing jobs. Success Rate may attract many new entrepreneurs to come forward to build on their dream ideas into businesses and contribute more to economic growth through creation of jobs, sustenance of jobs with successful business growth and innovative solutions to the society at large domestically as well as globally. KEYWORDS: Management Challenges, IT Services Startups, Information Technology Services Startups, Start-up Initial Years, Start-up Growth Years, Success Factors

Trends in Indian Labour Migration to Gulf Countries from 1990 to 2019: An Assessment of Literature

Globalisation around the world has allowed the labour movement between the countries. International migration i.e. migration between one country to another country has become a common phenomenon. India has exported a significant number people migrating to different regions across the world under different circumstances. Large number of unskilled and semi-skilled Indian labour migration to Gulf countries is a recent phenomenon. The upward trend in labour migration to the Gulf countries started when large-scale development activities took place in gulf countries due to an increase in oil prices in the 1970s. The lack of employment opportunities, poverty, low wages and poor standard of living in India caused many Indians to migrate to gulf countries to gain economic benefits. There is a rapid growth rate of 79 percent in the Indian migrants who were migrated to GCC countries over the two decades. India was the leading country of origin of international migrants, with 17.5 million globally. As many as 9.3 million migrants are concentrated in gulf countries. India remains top among the other countries in terms of total remittances in 2019($83.1 billion), compared to 1990 ($2.3 billion), and it contributed 2.9 percent of the Indian GDP in 2018-19. The present paper represents recent trends in labour migration to GCC countries from India and also attempts are made to study the volume of remittances and its impact on the Economy. The paper is based on the secondary data from the publications of the national and international organizations and existing literature is used for the purpose of the present study.

Trends in Indian Labour Migration to Gulf Countries from 1990 to 2019: An Assessment of Literature

Globalisation around the world has allowed the labour movement between the countries. International migration i.e. migration between one country to another country has become a common phenomenon. India has exported a significant number people migrating to different regions across the world under different circumstances. Large number of unskilled and semi-skilled Indian labour migration to Gulf countries is a recent phenomenon. The upward trend in labour migration to the Gulf countries started when large-scale development activities took place in gulf countries due to an increase in oil prices in the 1970s. The lack of employment opportunities, poverty, low wages and poor standard of living in India caused many Indians to migrate to gulf countries to gain economic benefits. There is a rapid growth rate of 79 percent in the Indian migrants who were migrated to GCC countries over the two decades. India was the leading country of origin of international migrants, with 17.5 million globally. As many as 9.3 million migrants are concentrated in gulf countries. India remains top among the other countries in terms of total remittances in 2019($83.1 billion), compared to 1990 ($2.3 billion), and it contributed 2.9 percent of the Indian GDP in 2018-19. The present paper represents recent trends in labour migration to GCC countries from India and also attempts are made to study the volume of remittances and its impact on the Economy. The paper is based on the secondary data from the publications of the national and international organizations and existing literature is used for the purpose of the present study.