Paper Title
Stochastic Analysis and Forecasts of GDP In India, Economy and Neighboring Countries
Abstract
In the modern competitive world, all the countries aims the financial sustainability of the country’s economy by ensuring consistent growth rate of GDP. The GDP is an indicator of the growth of an economy of the country. Higher GDP of an economy reflects healthy growth of an economy and vice-versa. The study makes an attempt to determine and compare the stochastic behavior of GDP of Indian Economy and Neighboring Countries China, Pakistan, Sri Lanka and Bangladesh.
Keywords - GDP, Indian Economy ,China, Pakistan, Sri Lanka and Bangladesh, Stochastic Analysis, Time series, per capita income, Stationarity.