India’s Total Natural Resource Rents (NRR) and GDP: An Augmented Autoregressive Distributed Lag (ARDL) Bound Test

Utilizing natural resources wisely, reducing pollution, and taking other environmental factors into account are now critical to the prospects for long-term economic growth and, by extension, sustainable development. We investigate impact of total resource rents (NRR) on India’s GDP in this study. The data sample consists NRR from World Bank’s official website collected between 1993 2020. In study, Granger causality test an augmented autoregressive distributed lag (ARDL) bound were used. NNR have a significant GDP, according results ARDL model framed time series set. Furthermore, reveals that short-term Indian economy. This research contributes understanding whether exclusive policy is required effective management complex interactions various forces economic, political, social environments. because there no standard India improve efficiency utility extraction resources.