Revisiting The Relationship Between Economic Growth and Select Microeconomic Indicators in the Indian Economy

Sayed Hassan Naqvi

Keywords:

Economics, AF , GD

Abstract:

The identification of critical microeconomic elements driving economic growth in emerging countries becomes a complex issue because of the socio-economic, infrastructural, and governance characteristics. The diverse social, governmental, and infrastructure systems make it difficult to pinpoint the essential macroeconomic factors that influence economic growth in developing nations. The article uses annual data over the 10 years from 2012 and 2022 to examine the effects of foreign direct investment, broad money supply, trade openness, corruption perception index, official exchange rate, and inflation on economic growth in India.