An Empirical Study on the Impact of Gdp, Inflation, Bop & Exports on the Exchange Rate
An Empirical Study on the impact of GDP,Inflation,BOP & Exports on the Exchange Rate
ABSTRACT:-
*Dr. Amitabh Joshi ** Rashmi Sharma *** Richa Tiwari
The economy of India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. Economists predict that by 2020.India will be among the leading economies of the world. Export supply is positively related to the domestic relative price of exports and higher domestic demand reduces export supply. The paper is focuses to study the impact of GDP.BOP & Inflation on the Exchange rate of India. The paper studied the factors that have more impact on the exchange rate of Indian economy. The data collected for the analysis is in the span of 10 years time interval. To find out the relation b/w the GDP, BOP & Inflation on the exchange rate of India the statistical measure Correlation & Multiple Correlation is used. To establish the linear relation b/w the exchange rate on the combined effect of BOP, GDP & Inflation Multiple regression has been used. The analysis states that there is significant relation b/w these factors. & there are linear relationship has been found b/w these factors.
Key Words:-GDP, purchasing power parity, BOP, Inflation, Exchange Rate
* Professor, Prestige Institute of Management, Dewas
** Lecturer, Prestige Institute of Management, Dewas
*** Lecturer, Prestige Institute of Management, Dewas
Introduction:-
The economy of India is the eleventh largest economy in the world by nominal GDP.and the fourth largest by purchasing power parity (PPP) In the 1990s; following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment.
ABSTRACT:-
*Dr. Amitabh Joshi ** Rashmi Sharma *** Richa Tiwari
The economy of India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. Economists predict that by 2020.India will be among the leading economies of the world. Export supply is positively related to the domestic relative price of exports and higher domestic demand reduces export supply. The paper is focuses to study the impact of GDP.BOP & Inflation on the Exchange rate of India. The paper studied the factors that have more impact on the exchange rate of Indian economy. The data collected for the analysis is in the span of 10 years time interval. To find out the relation b/w the GDP, BOP & Inflation on the exchange rate of India the statistical measure Correlation & Multiple Correlation is used. To establish the linear relation b/w the exchange rate on the combined effect of BOP, GDP & Inflation Multiple regression has been used. The analysis states that there is significant relation b/w these factors. & there are linear relationship has been found b/w these factors.
Key Words:-GDP, purchasing power parity, BOP, Inflation, Exchange Rate
* Professor, Prestige Institute of Management, Dewas
** Lecturer, Prestige Institute of Management, Dewas
*** Lecturer, Prestige Institute of Management, Dewas
Introduction:-
The economy of India is the eleventh largest economy in the world by nominal GDP.and the fourth largest by purchasing power parity (PPP) In the 1990s; following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment.