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- Title
Connection between Saving, Investment and Economic Growth of India.
- Authors
Saxena, Swami Prasad; Fouzdar, Akanksha Singh
- Abstract
This paper scrutinizes the relationship between gross domestic saving, gross capital formation and economic growth in India during a period from 1992 to 2018. The results of cointegration analysis reveal that there is a long-run relationship between selected variables; however, the observations from the results of the Granger causality test indicate a positive relationship between saving, investment and economic growth in India. The findings explicate that saving and investment directed growth is coming from the private sector.
- Subjects
INDIA; ECONOMIC expansion; SAVINGS; GRANGER causality test; INVESTMENTS; PRIVATE sector
- Publication
Scholedge International Journal of Business Policy & Governance, 2020, Vol 7, Issue 4, p63
- ISSN
2394-3351
- Publication type
Article
- DOI
10.19085/sijbpg070401