I. J. of Business & Management Research
Research Article
THE INDIAN ECONOMIC GROWTH STORY
Author(s) : Sunand Sudhir Pongurlekar1*and Pranav Dwivedi2
Publisher : FOREX Publication
Published : 30 June 2013
e-ISSN :2347-4696
Page(s) : 1-11
Abstract
This paper mainly revolves around the monetary policy of the RBI and studies the evolution of India’s growth starting from the famous 1991 reforms undertaken by the then finance minister of India Dr. Manmohan Singh up until mid 2013 when India recorded its slowest annual GDP growth in a decade. This apologue is described with the help of 8 aggregate demand – inflation adjustment models alongside appropriate graphical data in support of them. Finally, the paper concludes with what the RBI is trying to achieve with the monetary policy and future predictions about the macroeconomic outlook of the Indian economy.
Keywords: Indian economy, GDP, RBI,monetary policy
Sunand Sudhir Pongurlekar1*, Department of Mechatronics Engineering. Manipal University ,Manipal, India; Email: sunand20@yahoo.com
Pranav Dwivedi, Department of Mechatronics Engineering Manipal University, Manipal, India; Email: pranav19dwivedi@gmail.com
[1] IMF. September 2007. IMF working paper on “Wild or Tamed? India’s Potential Growth”.
[2] OECD. October 2007. OECD Economic Surveys: India, October, OECD-Academic Foundation, New Delhi.
[3] Rajiv Kumar, Mathew Joseph, Dony Alex, Pankaj Vashisht and Debosree Banerjee. March 2009. A working paper on “Indian Economic Outlook”.
[4] Sanjib Bordoloi, Abhiman Das and Ramesh Jangili. July 2009. A working paper on “Estimation of Potential Output in India”.
[5] World Bank. December 2009. World Bank survey on “Global Economic Prospects”.
Sunand Sudhir Pongurlekar and Pranav Dwivedi (2013), THE INDIAN ECONOMIC GROWTH STORY. IJBMR 1(1), 1-11. DOI: 10.37391/IJBMR.010101.