Analysis of Economic Performance of India

This report analyzes the recent economic performance of India by considering performance trend of some vital macroeconomic indicators such as GDP, inflation, unemployment, net export, etc. The report primarily aims to evaluate recent economic state of India. Output performance of the nation are analyzed with the help of real GDP, growth in GDP and per capita GDP. Real GDP of India has increased in the last four years. The main drivers of real GDP of India are private consumption expenditure, investment and export. Despite continuous increase in per capita GDO, average income of India still remains the lowest among the BRICS nation. Growing unemployment is one major problem of the economy. Unemployment rate increased significantly among young educated laborers. Pending economic reforms and bureaucratic decision inhibits creation of new jobs in India. After recording a low inflationary pressure, price level started to increase since 2018. Widening trade deficit is another major problem for the economy of India. Faster increase in imports relative to export is responsible for widening trade deficit of India.