AN EMPIRICAL RESEARCH ON REAL ESTATE RESIDENTIAL INVESTMENT & GDP DEVELOPMENT IN INDIA: KEYNESIAN THEORY OF INVESTMENT
Abstract
The Real Estate sector is functioning in India under the Real Estate (Regulation and Development) Act, 2016. This research is empirical research on real estate investment & GDP Development in India by using Keynesian Theory of Investment. In this paper the researcher focused on MPC value by using Keyne’s Psychological Law of Consumption to discover the Consumer Income influence the Consumer Expenditure towards savings of their income and invested in residential property. Since, if the consumer expenditure is made on any investment the Indian GDP level became influenced. Followed by the researcher mainly focused on study must predict India's GDP growth rate by 2030. The major findings of the study for the objectiveswere residential investment is influencing the GDP growth in India as per the ANOVA R2 and the model has substantial by using Keynesian theory of Investment and the study discovered that the Consumer Income level should influenced towards on Consumer Expenditure by using the statistical tool ANOVA.The researcher gave a model for prediction of GDP in the year of 2030.
