Vol. 4, Issue 12, Part F (2018)

Introduction: GDP is the indicator of wellbeing. Production requires money, machines and customers (domestic and international). More is the availability of these variables, and more generation of goods and services can be initiated in the nation.

Research Methodology: A panel data is assembled from the year 1991 to 2017. 1991 has been taken as starting year because it was the year when India opened its economy for the world and subscribed to the phase of liberalisation, privatisation and globalisation. To examine the association between the variables, correlation and regression are used.

Findings: Out of the variables chosen from the literature review, it is found that out of exports, FDI and capital formation, only exports push GDP to increase significantly. Although the collective influence of independent variables on GDP is concerned, a significant impact is observed from the research.

Originality Value: Data is accumulated from the formal website of WTO for the intention of meeting the research goals.