This paper examines the relationships among selected macro-economic variables such as GDP, GCI, GCNI, SSI, CDI, CPI, and HDI from 2001 to 2022. Utilizing multiple regression analysis, the ARIMA model, co-integration, and causality techniques, the research finds a decreasing trend in economic growth over the coming years. There is a long-run equilibrium relationship among the variables, along with short-run uni-directional relationships among a few variables. The forecasted values of these macroeconomic variables, projected from the base year 2018 up to 2025, indicate that while economic growth (GDP) gradually declines, the other variables show a slow but not significant increase. This suggests that adverse economic growth may hinder the remarkable performance of other variables.
Subrata Roy (Sat,) studied this question.