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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Impact of economic slowdown on selected sectors of India |
| Authors Name: | Swagathi kallem , Dr.Sabitha |
| Unique Id: | IJSDR2101011 |
| Published In: | Volume 6 Issue 1, January-2021 |
| Abstract: | Indian economy is characterized by a diverse mix of economic activities related to agriculture sector, industrial sector and service sector. Alternatively, from an economic point of view, the Indian economy can be broadly decomposed into three major sectors, namely primary sector, secondary sector and tertiary sector. The adoption of new Economic policy in 1991 witnessed a paradigm shift in Indian economy as it diluted the mixed economy model. The present research study is aimed at analysing the impact of sectors like agriculture, Agriculture, Manufacturing, Construction, Mining, Public Administration and Utilities sectors, on GDP which future leads to economic slowdown in INDIA. Secondary data is used for the present study. The data has been collected for the period 2015 to 2019. The statistical tools and tests like correlation analysis, and multiple regressions have been used. Finally, the study concludes that-there is a positive correlation between GDP and agriculture, construction, manufacturing, mining, public administration and utilities sector. Which means that the change in the sectors is having an influence on change in GDP (when the sectoral contribution increases, GDP also increases? Similarly when the sectoral contribution decreases, GDP also decreases).From the hypothesis testing, Alternative Hypothesis is accept i.e., There is a significant relationship between correlation values of agriculture, construction, manufacturing, mining, public administration and utilities with GDP. The study also includes Performances of Indian GDP from past 20 years, Major sectors in GDP and Performances of these sectors from past 10 years. |
| Keywords: | Agriculture, Economic sector, Manufacturing Sector, Public Administration, Utilities. |
| Cite Article: | "Impact of economic slowdown on selected sectors of India", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.6, Issue 1, page no.76 - 81, January-2021, Available :http://www.ijsdr.org/papers/IJSDR2101011.pdf |
| Downloads: | 000337067 |
| Publication Details: | Published Paper ID: IJSDR2101011 Registration ID:192798 Published In: Volume 6 Issue 1, January-2021 DOI (Digital Object Identifier): Page No: 76 - 81 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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