Exchange rate effects on economic growth

Abstract

The purpose of the study is to investigate the exchange rate's effect on economic development. Utilizing panel data from 1990 to 2019, and using the autoregressive distributive lag test. All data was gathered from the World Development Indicator (WDI) (exchange rate, population growth, government consumption, broad money, and trade), the Reserve Bank of India (India's exchange rate), and "Crude Oil WTI Futures Historical Data" (Oil Price). Economic growth (GDP), exchange rate, crude oil price, trade, government consumption, board money, and population growth are some of the variables studied. The ARDL technique was used to calculate the exchange rate. We discovered that the rate of exchange influences economic growth positively, Trade, Population Growth, Govt Consumption, and the price of oil were also positive. impact on Economics Growth and the Broad Money has a Noxious impact on Economics Growth.