Statistical analysis - impact of food processing industry on Indian economy
Keywords:
food processing, Gross Domestic Product (GDP), regression, total capital, total emoluments, economic growthAbstract
The food industry of India Is known for enormous growth and rising involvement to global food market every year .Indian food processing industry has achieved an extraordinary profit & growth due to its tremendous scope for value addition . In this study, the relationships between the food processing sector and the economic growth were studied using regression analysis . The regression model is made with combined information presented over the period of 2000 – 2017. The study examined the impact of several food processing indicators on growth of economy of India. It showed that that there is positive and significant impact Food Processing industry on Indian economy.
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