An Empirical Investigation into the Real GDP and Net Direct Investment in India: Insights from Unit Root Tests, Structural Break Analysis, and ARIMA of variables

Abstract

Real Foreign Direct Investment (FDI) has emerged as a pivotal driver of economic growth, particularly in developing economies like India. This study delves into the intricate relationship between Real Gross Domestic Product (GDP) and Net Direct Investment (NDI) in India, aiming to uncover the long-term causal linkages and dynamic interactions between these variables.