International Journal For Multidisciplinary Research

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Does growth of Gross State Domestic Product can manage unemployment in India? A State-level Analysis

Author(s) Yadlapalli Vinitha, Gandeti Chanikya, Suryanshu, Susobhan Maiti
Country India
Abstract Unemployment and Gross State Domestic Product (GSDP) is a complex and critical aspect of economic research, with a particular focus on the impact of GSDP on unemployment from 2017 to 2022. In summary, this research paper examines the intricate interplay between these two variables, aiming to understand how changes in GSDP impact unemployment rates in different states of India and growth of the said variables. Growth rate of the variables has been calculated using year over year growth rate (YOY), compound annual growth rate (CAGR), and relationship between the variables find out using correlation and Granger causality test. It investigates the potential causal links, cyclical patterns, and policy implications, shedding light on the dynamic nature of employment and economic growth at the state level. The findings of the study suggest that growth of the variables are fluctuative in nature and there is a negative relationship between GSDP and unemployment rate in the states as well as there is a existence of unidirectional or bidirectional causality.
Keywords Gross State Domestic Product, unemployment rate, growth rate, correlation, Granger Causality
Field Sociology > Economics
Published In Volume 5, Issue 5, September-October 2023
Published On 2023-10-19
Cite This Does growth of Gross State Domestic Product can manage unemployment in India? A State-level Analysis - Yadlapalli Vinitha, Gandeti Chanikya, Suryanshu, Susobhan Maiti - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.7700
DOI https://doi.org/10.36948/ijfmr.2023.v05i05.7700
Short DOI https://doi.org/gswg53
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