Structural shift in components of Indian GDP: An empirical analysis

This paper tries to investigate the structural shift in the components of Indian Gross Domestic Product (GDP). As India progressing, the service sector becomes a catalyst of growth. The economic reform of 1991 has opened up the Indian economy to the world. The prime objective of this reform was the rapid development of Indian economy. Service sector has contribute 57.3% of the national income of India. Therefore we have tried to examine that whether this economic reform is also beneficial for all the components of GDP or not. The dummy variable regression model is used in this study and data were collected from the Economic Survey of India 2015–16. Results revealed that only two components showing a structural shift in the post reform period.