Reviewing the trend of macroeconomic indicators of an economy would help to understand the nature of its development path and to diagnose the need for policy treatment to set the right trend. Macroeconomic indicators reflects both the long-run and short-run status of an economy. These indicators are related toeach other and influence or depend on each other and hence would indicate the strength  of the economy. Therefore, frequent review and analysis of macroeconomic indicators are essential to keep the economy

development oriented. Such an attempt is made in this paper to analyse the trend of macroeconomic indicators of the Indian economy. Behaviour of Macroeconomic variables such as Gross Domestic Product (GDP), Inflation, Consumer Price Index, and components of budgets (Revenue, Expenditure) are analysed. Analysis is carried out using secondary data from the relevant sources to examine the present status and the changing trend of the macroeconomic indicators of Indian economy.

Highlights

• Presently, India is the world’s fifth-largest economy by nominal GDP and has turned out from a mixed economy to a market economy after the New Economic Policy1991. GDP in terms of Purchasing Power Parity ranks India third in the world, indicating its economic prowess.
• Since the 1991 economic liberalization efforts, India has shown impressive economic growth, averaging around 6 to7 percent annually. Expected to contribute more than 3.4 percent of the global economy in nominal terms and 7.2 percent in PPP terms by 2024.