Policy Modernization and Novel Economic Indicators Coxswaining Nation on Growth Path

Abstract

India as a nation witnessing the continuous modernization of Monetary and Fiscal Policies. In the previous subsequent budgets, the allocation of funds on the national development which is gauged on the scales of infrastructure, production and manufacturing index, farming and allied farming index, supply chain and logistics, health, education, employment, rural and women empowerment and national governance has seen considerable progress. On looking at the larger picture, the total expenditure stated in the budget and its impact on the economic growth considering the factor Like GDP, GVA, NR, Per Capita Income, is evident. However, to create a profound understanding and awareness about the policy, changes and implementation of policy, and how its roads to the growth of the nation, we need to prove it with the less revealed, less used economic indicators like, to name a few, Government Debt to GDP, Government Revenue to Spending, Government spending to GDP, PMI to Private sector Credit, Youth Unemployment Rate to Jobless Claims, Labor Force Participation rate, NPA to Loans to Private Sector, Capital flow to Capacity utilization, Business Confidence index, Composite PMI to corporate profits, ZEW Economic Sentiment Index, etc. This research would provide all the hidden spots, blind spots to the leaders who can guide the nation to prosper.