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This paper investigates the dynamic relationship between financial development and economic growth in India from 1970 to 2023, utilizing the Autoregressive Distributed Lag (ARDL) model. Key findings reveal that while Gross Fixed Capital Formation positively influences GDP, foreign exchange reserves have a negative short-run impact, and inflation consistently hampers growth. The study emphasizes the importance of financial development in achieving sustainable economic growth, particularly in the context of I

Author

Prajwal Rv

Language

EN