Indian Economic Development-A Review

International Journal of Economics and Management Studies

© 2017 by SSRG - IJEMS Journal

Volume 4 Issue 3

Year of Publication : 2017

Authors : Jenica S

10.14445/23939125/IJEMS-V4I3P105

How to Cite?

Jenica S, "Indian Economic Development-A Review," SSRG International Journal of Economics and Management Studies, vol. 4,  no. 3, pp. 20-25, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I3P105

Abstract:

That India managed to achieve this high growth in the aftermath of demonetisation and amidst the global slowdown, along with a macro-economic environment of relatively lower inflation (unlike a generally higher inflation in the previous episodes of high growth), moderate current account deficit coupled with broadly stable rupee-dollar exchange rate and the economy treading decisively on the fiscal consolidation path, makes it quite creditable. Most external debt indicators also point towards an improvement as at end September 2016. However, challenges abound. The objective of the study is to understand the To study the monetary management and financial intermediation of India in form of Liquidity situation, Yield on Government bills/ securities, Banking sector, Credit growth, Measures to strengthen corporate bond market. The study also aims to understand the India’s merchandise trade in terms of export, import and trade deficit and Balance of payments which includes current account, capital account and exchange rate during the year 2015-2016. The study is purely secondary and which uses data from government websites, newspaper and journals.

Keywords:

 monetary management, financial intermediation, merchandise trade, Balance of payments.

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