INFLUENCE OF SELECT MACROECONOMIC VARIABLES ON THE GROWTH OF INDIAN ECONOMY

<p>Macroeconomic variables are crucial for any economy including the Indian economy and at the same time economist and researchers corroborate that macroeconomic variables influence the GDP growth rate of any economy. Economic growth is associated with the macroeconomic variables in theory. The most important macroeconomic variables are represented to be crude oil price consumer price index exchange rates foreign direct investment and interest rate. The research study is based on time series data that have collected from RBI database SEBI database Yahoo Money control Energy Information Administration database Labour Bureau database Trading economics database and Oanda database. The period of the study is 29 years starting from 1992 to 2020 with 112 observations.&nbsp;</p>