International Journal of Advanced Research in Management and Social Sciences
Year : 2014, Volume : 3, Issue : 1
First page : ( 104) Last page : ( 115)
Online ISSN : 2278-6236.

A review of changes in economic indicators (In the context of Indian economy)

Dr. Gupta Surender Kumar

Associate Professor and Head MBA, Maharaja Agrasen Institute of Management and Technology, Jagadhri, Haryana

Online published on 7 June, 2014.

Abstract

Economic indicators of any economy indicate the mirror image of that country. These indicators are the tools used by policy makers while making policy for the economy and the success of any policy is shown by the effective and significant performance of all the major economic indicators. In the present study selected economic indicators are studied to know the current status of economy. The study found alarming situation of the Indian economy, as GDP average growth rate is on the lowest in the decade, on the other hand FDI is also declining, and Gross domestic investment is also not satisfactory. Globalization is the process by which events, decisions and activities in one part of the world have significant consequences for other parts of the globe. Globalization on one hand has thrown open new challenges for Indian economy, and on the other hand, it has brought new opportunities as well. Indian economy has been open to Foreign Direct Investment (FDI) by providing a number of facilities to multi-national corporations to invest into various economic activities in India. It has opened Indian companies to competition from MNCs. Nevertheless, it has also allowed Indian companies to enter into foreign collaboration agreements and set up joint ventures with their partners abroad.

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Keywords

Economic Indicators, Economy, Policy, FDI, GDP.

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