THE INFLUENCE OF EXCHANGE RATE ON ECONOMIC GROWTH: EVIDENCE FROM INDIA

In the globalization time frame conversion scale is the essential factor influencing on financial development of each nation. This examination is embraced to inspect the effect of conversion scale on financial development of India during 1995 to 2018. As indicated by standard deviation it is seen that the GDP development is more predictable than conversion scale, loan cost and swelling rate during the examination time frame in India. The coefficient of connection 0.037426 demonstrates that the relationship between conversion standard and GDP development is sure however not critical. Be that as it may, the financing cost and expansion rate have reverse impact on monetary development of India during the examination time frame. It is watched structure the investigation that the conversion scale and loan cost has negative however not critical effect on financial development of India (Showing beta = -0.0733305 and t = -0.4152 and beta = -0.0113661, t = -0.07231 individually) during the examination time frame. In any case, it is discovered that the swelling rate has positive however not huge effect on financial development of India with (beta = 0.0262511, t = 0.6584). Connection investigation shows positive, yet various relapse examination shows negative connection between swapping scale and GDP development in India during the investigation time frame.