stdClass Object ( [id] => 8330 [paper_index] => EW201708-01-001978 [title] => STRUCTURAL SHIFT IN MACRO-ECONOMIC AGGREGATES OF INDIAN ECONOMY [description] =>
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[author] => Yadawananda Neog [googlescholar] => https://scholar.google.co.in/citations?view_op=view_citation&hl=en&user=KeqZGcIAAAAJ&cstart=20&pagesize=80&imq=EPRA+International+Journal+of+Economic+and+Business+Review&citation_for_view=KeqZGcIAAAAJ:tH6gc1N1XXoC [doi] => [year] => 2017 [month] => August [volume] => 5 [issue] => 8 [file] => eprapub/EW201708-01-001978.pdf [abstract] =>

This paper tries to study structural shift in macro-economic aggregates in Indian economy. We have selected 10 indicators for this study. Structural change in the Indian economy is a highly debatable issue and an important one. Dummy variable regression model is applied for this study and 45 years of data have been taken. Regression results proved that the structural break happened in the year of 1991 when India adopted LPG policy. After the 1991 data shows an upward shift in Indian economic growth. Eight indicators tend to grow around 7% to 7.5% annually.  And two of them shows around 10% growth rate.

KEY WORDS- macro-economic, dummy variable regression model and LPG

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