Validity of Wagner's Hypothesis / Keynesian Theory in India: an Econometric Analysis

Key Points

• The analysis aims to evaluate the validity of Wagner's Hypothesis and Keynesian Theory within the Indian context.
• Conducted an econometric analysis using relevant economic data from India.
• Employed statistical techniques to test the relationships between public spending and economic growth.
• Findings indicate varying levels of support for both Wagner's Hypothesis and Keynesian Theory.
• Data analysis reveals significant correlations between government expenditure and economic growth in India.

Abstract