Vol. 10, Issue 5, Part E (2024)
Study the relationship between energy consumption and economic growth in India
Study the relationship between energy consumption and economic growth in India
Author(s)
Marwati and Dr. Manju Lata
AbstractThis study looks at the connection between economic growth and environmental sustainability, with a focus on the potential negative consequences of fast economic expansion on the environment. The relationship between GDP growth and power consumption is investigated using the Granger causality model. Data series of GDP and power consumption were determined to be non-stationary at its level and stationery at 1st difference, according to this research. Integral of order one, or I(1), is applied to both series. Electricity consumption and GDP do not seem to have any long-term connection. Our findings provide important new information for those fighting for sustainable development and reducing the environmental impacts of economic expansion.
How to cite this article:
Marwati, Dr. Manju Lata. Study the relationship between energy consumption and economic growth in India. Int J Appl Res 2024;10(5):371-376.