Economic Growth and Reforms in India: An ARDL Approach

The study aims to evaluate the role of determinants of economic growth considering pre- & post-economic reforms periods in India. Time-series data from 1980-81 to 2020-2021 was collected & analyzed under the framework of the Autoregressive Distributed Lag methodology. It has been found that none of the considered determinants of growth have significant effects in the long-run. The estimates of short-run ARDL model show that employment has negative significant impact on economic growth. In post-reforms period, employment is positively & significantly affecting the growth in India.