Macroeconomic Trend of India

Abstract

"Reviewing the trend of macroeconomic indicators of an economy would help to understand the nature of its development path and to diagnose the need for policy treatment to set the right trend. Macroeconomic indicators reflects both the long-run and short-run status of an economy. These indicators are related to each other and influence or depend on each other and hence would indicate the strength of the economy. Therefore, frequent review and analysis of macroeconomic indicators are essential to keep the economy development oriented. Such an attempt is made in this paper to analyse the trend of macroeconomic indicators of the Indian economy. Behaviour of Macroeconomic variables such as Gross Domestic Product (GDP), Inflation, Consumer Price Index, and components of budgets (Revenue, Expenditure) are analysed. Analysis is carried out using secondary data from the relevant sources to examine the present status and the changing trend of the macroeconomic indicators of Indian economy."