This paper is published in Volume-11, Issue-1, 2025
Area
Economics
Author
Smera
Org/Univ
B.D. Somani International School, Mumbai, Maharashtra, India
Keywords
Macroeconomic Policies, Economic Growth, (GDP} Gross Domestic Product, International Ties, International Monetary Fund(IMF)
Citations
IEEE
Smera. Macroeconomic Policies- Are They Really Making a Difference in India?, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Smera (2025). Macroeconomic Policies- Are They Really Making a Difference in India?. International Journal of Advance Research, Ideas and Innovations in Technology, 11(1) www.IJARIIT.com.
MLA
Smera. "Macroeconomic Policies- Are They Really Making a Difference in India?." International Journal of Advance Research, Ideas and Innovations in Technology 11.1 (2025). www.IJARIIT.com.
Smera. Macroeconomic Policies- Are They Really Making a Difference in India?, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Smera (2025). Macroeconomic Policies- Are They Really Making a Difference in India?. International Journal of Advance Research, Ideas and Innovations in Technology, 11(1) www.IJARIIT.com.
MLA
Smera. "Macroeconomic Policies- Are They Really Making a Difference in India?." International Journal of Advance Research, Ideas and Innovations in Technology 11.1 (2025). www.IJARIIT.com.
Abstract
The behaviour of extremely large economic aggregates, their linkages, and the factors that influence them such as national investment and savings, imports and exports, the balance of foreign payments, and gross national and domestic product are all studied in macroeconomics, and macroeconomic policies address these variables. Over time, India's macroeconomic policies have changed dramatically, affecting growth, inflation, employment, and foreign trade, among other areas of the economy. These policies, which include macro prudential, monetary, and fiscal actions, are all very important in determining the economy's direction. India had a GDP of USD 1.9 trillion at current market values ten years ago, ranking it as the tenth largest economy in the world. Despite the pandemic and inheriting an economy with macro imbalances and a dysfunctional banking system, it is currently the fifth biggest, with a GDP of USD 3.7 trillion (estimated FY24). Numerous macroeconomic policies have been implemented over this ten-year voyage, greatly aiding the nation's economic advancement.