Indian Economy: A Macroeconomic Turnaround

Indian economy
A Macroeconomic
Turnaround

Table of contents
Introduction Assessing growth
sustainability
Financial stabilityFiscal deficit
sustainability and
fiscal prudence
02
05
01
04
Assessing India’s
external sector
vulnerability
03
Lessons for
managers
06

Introduction
Understanding
macroeconomic
indicators: India’s
situation
01

1. GDP
The article tells us that India's
GDP at current prices grew from
$280.8 billion in 1990/91 to $2,251
billion in 2016/16- a 702 percent
increase in 25 years.
3. Expenditure to
GDP ratio
Employment growth rate: The
article tells us that from 1993 to
2009, there was a decline in
employment growth. During the
2000s, there was little to no
increase in job rates.
Macroeconomics
indicators
2. Fiscal deficit
During 1990/91, the Indian
economy had a fiscal deficit of
7.61 percent; however, it
significantly declined by 3.94 %
during 2015/16.
4. GDP per capita
GDP per capita explains how
much people profit from the
economy of their country. India's
GDP per capita in constant 2010
prices rose from $309 in 1991 to
$1,598 in 2015.
For a 25-year period, some
macroeconomic indicators are
used to evaluate India's
economy:

The Indian economy presents a picture of
a turnaround. The government embarked
on a new economic policy, including
privatization, liberalization, and
globalization. The economic reforms
began in July 1991, and macroeconomic
balance was restored by the mid-1990s.
Whoa!

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02
Assessing growth
sustainability