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International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064

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Macro-Economic Determinants of Balance of Payment in India

Dr. Anupreet Kaur Mavi, Dr. Nishi Sharma

This study investigates the impact of balance of payment on certain macro-economic variables like GDP, inflation, net exports, exchange rate etc in India between 1981 and 2013, using correlation and regression. It was found that all the variables except balance of payment, exhibited non-stationary. The results also indicate that balance of payment fluctuations in India could be caused by the balance of trade, exchange rate movement, inflation, industrial production and Gross Domestic Product (GDP). We concluded that balance of payment is significantly affected by all the above mentioned parameters but for exchange rate for which the impact turned out to be statistically insignificant

Keywords: Macro Economic Determinants, Balance Of Payment, India, Gdp, Exchange Rate

Edition: Volume 3 Issue 10, October 2014

Pages: 1703 - 1708

Direct URL: https://www.ijsr.net/archive/v3i10/T0NUMTQ2Mjk=.pdf



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