Volume 6 | Issue -13
Volume 6 | Issue -13
Volume 6 | Issue -13
Volume 6 | Issue -13
Volume 6 | Issue -13
A lot of research have been done by Economists on the topic of economic growth in general. The Indian economy has transitioned from a mixed planned economy to a middle-income developing social market economy with notable public sectors in strategic sectors. The annual GDP growth has been 6% to 7%. The service sector makes up more than 50% of GDP and remains the fastest growing sector, while industrial sector and the agricultural sector employs a majority of the labour force. India is world’s sixth largest manufacturer, representing 2.6% of global manufacturing output. Nearly 65% of India’s population is rural and contributes about 50% of India’s GDP. India faces high unemployment, rising inequality and a drop in aggregate demand. The aim of this study to predict the GDP growth for the Year 2025. The tool used in the study is ARIMA-GARCH and the results indicate that GDP growth for year 2025 is predicted to be 6.5%.