India2023-03en
GVA Prediction India
Summary
NITI Aayog, Government of India, sponsored a study to develop an early warning system for predicting India's GVA and GDP movements. The project by Quantta Analytics identified a set of high-confidence leading indicators, including stock market turnover, market capitalization, gold prices, and exchange rates, to create a predictive model. This model has demonstrated its effectiveness by closely mirroring actual GVA outcomes over an eight-year stress test and provides predictions for future GVA growth.
Key Facts
Source Document
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