Time series analysis and forecasting of indian economy
- Economy, GDP, GST, Inflation, Repo and Reverse repo rates, National Income, Covid-19, Trend line, Extrapolation, Time series, Investment
India being an entity of highly populated nation across the globe, stands as a developing country with a perceptible economic status relative to the other countries. Integrals such as socio-political activities exert influence on the ups and downs of the economic development of any country. India was the sprightly growing economy in the early 2000’s but at the neoteric time, it is said that the economical maneuver of India has been directing towards the downhill. Prepending to the outbreak of Covid-19, the GDP discern to deflate below 0% at the onset but has shown a substantial upward movement post lockdown period. Thus, it can be ensured that the economical movement of India is progressing in a consistent approach despite the decline. In this paper, we aim at analyzing the historical movement of Indian economy in view with the recent up and downs and thereby also forecast the future economic movement with the help of time series.