Rajesh, Raj and Bordoloi, Sanjib (2012): Investigating the impact of global financial crisis on indian economy in an aggregate demand framework. Published in: Journal of Economics and Sustainable Development , Vol. 3, No., (31. July 2012): pp. 183-193.
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In this paper, the impact of global financial crisis on India’s Gross Domestic Product (GDP) is investigated upon in an aggregate demand framework using quarterly data for the period from Q2 of 1996 to Q1 of 2010. GDP, consumption expenditure, capital formation and export were found to be co-integrated. Co-integration estimation re-affirms that domestic consumption remains the key driver of India’s GDP growth. Our analysis establishes that though India’s trade sector dwindled and investment activity declined in the aftermath of global financial crisis, its GDP growth slackened only marginally as domestic consumption provided the necessary buffer in limiting the adverse impact of global financial crisis on the Indian economy.
|Item Type:||MPRA Paper|
|Original Title:||Investigating the impact of global financial crisis on indian economy in an aggregate demand framework|
|English Title:||Investigating the Impact of Global Financial Crisis on Indian Economy in an Aggregate Demand Framework|
|Keywords:||India, Aggregate Demand, Trade, Financial Crisis|
|Subjects:||F - International Economics > F1 - Trade > F10 - General
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E29 - Other
|Depositing User:||Raj Rajesh|
|Date Deposited:||01. Aug 2012 18:34|
|Last Modified:||11. Feb 2013 20:08|
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