for India for a 31 year period starting from 1980-1981 up to 2010-2011 on six independent
variables: Gross Domestic Capital Formation, Net Domestic Savings, Exports, Employment,
Gross Enrolment Ratio and Imports.
Macroeconomic theory suggests that aggregate demand depends on economy’s investment,
savings, exports and imports. We have gone off the beaten track and included two
unconventional variables- the employment in the public and organized private sector and the
gross enrolment ratio. Our objective behind this has been to show how the spread of
education sector and increased employment opportunities affect the annual growth rate of
GDP and to find out if it has had a significant impact on the economic growth of India in the
past few ...