{'fraction_non_alphanumeric': 0.01432469304229195, 'fraction_numerical': 0.017053206002728513, 'mean_word_length': 5.491150442477876, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
The impact of gross capital formation on economic growth: Evidence from India

The study examines the effect of Gross Capital formation on Real Gross Domestic product growth for the period 1970-71 to 2018-19 using the Unit root test and Autoregressive Distributed Lag(ARDL) technique The unit root test results reveals that GDP growth rate, General Government expenditure, Inflation are integrated at level I(0);while gross capital formation and gross domestic saving are integrated at first order I(1) The results of the ARDL technique indicates that Gross Capital Formation, General Government expenditure and Inflation have significantly contributed for the Economic growth in India There is also evidence that the Gross Domestic Saving is not significant to boost economic growth As per International Rating Agencies and IMF, India’s growth rate is expected to decelerate to below 2 %in 2020 due to COVID-19, pandemic and contraction in the world output growth More public investments on productive activities would address the economic slowdown in the coming years The authors stressed the need for formulating a rational Monetary-Fiscal Policy mix for addressing the economic slowdown in India in the coming years The authors point out that there is a need to create conducive environment for enhancing savings and investments in the economy which contribute for sustained economic growth © 2020, Ashwin Anokha Publications and Distributors All rights reserved