PRPARED

BY : SAVAN,
PRINCE,
INDIAN ECONOMY: ON
SAJAN A RUNWAY TO TAKE
MBA (B) OFF
SEM – 1
SEE
INTRODUCTION OF INDIAN
ECONOMY
India, the world's fastest-growing major economy, is poised for a period of sustained
economic growth that could propel it to the forefront of the global economy. With a
young and growing population, a vibrant entrepreneurial spirit, and a rapidly
expanding middle class, India has the potential to become a global economic
powerhouse.
KEY FACTORS DRIVING
INDIA'S ECONOMIC GROWTH
ØDemographic Dividend

ØEntrepreneurial Spirit

ØExpanding Middle Class

ØGovernment Reforms
INDIAN ECONOMY
●
Indicator ●
Value ●
Comment
●
GDP Growth (2022-23) ●
7% ●
Estimated
●
GDP Growth (2023-24) ●
6.0-6.8% ●
Estimated
●
Government Capex ●
Strong driver of
Growth (FY23) ●
63.40% economic growth
●
Due to increased
●
Inflation Rate (2022-23) ● High commodity prices
●
Current Account Deficit
(CAD) ●
Widening ●
Potential challenge
●
Supporting economic
●
Domestic Demand ●
Strong growth
●
Supporting economic
●
Capital Investment ●
Picking up growth

●
Technology-drivenand ●
With strong public
knowledge-based finances and a robust
●
Union Budget Vision economy financial sector
RESEARCH GAP

From above literature reviews, we have found that all the researchers have
studied the economic growth of the Indian economy, with reference from the
all the literatures we would try to analyze the current perspective of the
people that, what they believe and what they are expecting with perspective
of economic growth.

Indian economy witnessed resilient growth after COVID19, across all sectors
so with a view of latest and most advanced study, We are going to make this
research report, As per latest facts & figures of Indian economy.
RESEARCH OBJECTIVE
ØTo Analyze the Growth Forecasting with considering all sectors of Indian Economy.

ØTo estimate rate of GDP of INDIA while taking MEAN of last 16 Years

ØTo Identify Potential Factors Which Can Lead India’s Growth.

ØTo Examine different LOCALITY wise public view in context of Indian economy.

ØTo Investing the Possible Threats That Can Resist the Economy’s Growth.
RESEARCH DESIGN AND
METHODOLOGY
ØPeriod of Study:
The period of the study for this study will be of around 5 Months starting from 15st
August, 2023 to 15st December, 2023.
ØSampling Unit:
Sampling unit is the aspect from which samples are going to be drawn for the study.
This study is based on India so sampling unit will be of the people of the India.
ØSample Size:
Selection of appropriate sample size is of utmost important to derive reliable results.
For present study, sample size is of 100 Responses which will be selected from the
responses which collected for the research.
RESEARCH DESIGN AND
METHODOLOGY
ØSampling Techniques: Non-probability
ØData Collection Method:
For present study, both primary and secondary data have been used. The secondary data has been collected through
books, journals, published reports, newspapers, magazines, other library and electronic data. The primary data has
been collected through conducting survey with the help of a questionnaire.
ØType of Research: DESCRIPTIVE
ØResearch Instrument:
Questionnaire will be used to collect primary data for the present study which will be present among the people of
India.
URL of questionnaire –

https://docs.google.com/forms/d/e/1FAIpQLSckDLvCCu_8Z1H71XfMTpi6T2mc-w2RyDTqq96hIQawXUNZGQ/
viewform?usp=sf_link
HYPOTHESIS BASED ON
ACTUAL FIGURES
ØH0: Indian economy is growing at avg. Of less than 5% in last 16 years,
H0=Mean<5% N=16

ØH1: Indian economy is growing at avg. of more than 5% in last 16 years,

H1=Mean>5% N=16
DATA of India’s GDP growth rate for 16 years.

●
Year ●
Growth
●
2022 ●
7.00%
●
2021 ●
9.05% ØMEAN = TOTAL OF 16
●
2020 ●
-5.83% YEARS GDP GROWTH
●
2019 ●
3.87% RATE/ 16 = 5.95%
●
2018 ●
6.45%
●
2017 ●
6.80%
ØOur null hypothesis was that
●
2016 ●
8.26%
India clocked less than AVG.
●
2015 ●
8.00%
5% growth in last 16 years
●
2014 ●
7.41%
(2007-2022),
●
2013 ●
6.39% ØBut actually, it clocked 5.95%
●
2012 ●
5.46%
AVG. growth in last 16 Years,
●
2011 ●
5.24%
SO OUR NULL
2010 8.50%
HYPOTHESIS IS
● ●

2009 7.86%
REJECTED, SO OUR TEST
● ●

2008 3.09%
IS SIGNIFICANT.
● ●

●
2007 ●
7.66%
HYPOTHESIS BASED ON RESPONSES
COLLECTED BY OUR STUDY
ØH0 = RESPONDENTS LOCALITY DOESN’T HAVE IMPACT ON VIEW
ABOUT INDIAN ECONOMY
ØH1 = RESPONDENTS LOCALITY HAVE IMPACT ON VIEW ABOUT INDIAN
ECONOMY
HYPOTHESIS CONCLUSIONS
ØFrom testing the previous hypothesis, we can conclude that the H0 hypothesis will
be accepted.
ØHence the H1 hypothesis will fail to accepted
RESPONSE ANALYSIS

ØFrom above pie chart, we have the maximum male respondents.

ØFemales are very less compared to male respondents.

ØThe majority of respondents believe that the Indian economy is growing
ØWhile others are not sure about this.
ØThe dynamic leadership of PM & central ministers are the significant drivers for the
Indian economy
ØHumongous demand and participation of the investors is also play the vital role in
the economic development.
ØMajority of our respondents believe that defense sector will be the highest
performer in the manufacturing industry.
ØMany of them also believe that automobile can outperform.
ØWhile very less are likely to believe on textile & FMCG,
ØIn service sector, respondents believe that IT sector will out perform along with
banking & insurance.
ØThere are other inputs also given such as health care, surgical care.
ØMost given reason is, rising the geographical issues across the world, such as
Russia – Ukraine war, Israel war, and many environmental issues.
ØMost of the respondents also believe that Chinese market also effect the market
conditions in India.
ØMost of the audience thinks that improved spending capacity of people which will
help India to reach its global goals.
ØRising population can be the reason for the development of the Indian economy.
Ø
ØMost of the respondents suggest that government should focus on the development
of the domestic infrastructure along with focus more on the export trades and make
the foreign reserves stronger.
INDIAN GDP WITH COMPARISON
TO USA & CHINA
ØAccording to above chart we can clearly see that India’s GDP growth rate was the
highest among all three countries.
ØBut as covid came all three countries growth rate started to fall, even India and
US’s rates were in negative
ØAfter covid passed India showed the massive growth in the GDP.
ØIndia overtook the US and China.

So, from above research we can conclude that Indian economy is outperforming the
other giants like US & CHINA.
AND