Performance of Indian Economy since 2000 – An Evaluation
S.N. Sugumar1, M. Ramesh2, B. Chithirairajan3, S. Thangamayan4, S.Chandrachud5

1Dr.S.N.Sugumar, Department of Economics, Vels Institute of Science, Technology and Advanced Studies (VISTAS) Chennai, India.
2Dr.M.Ramesh, Department of Economics, Vels Institute of Science, Technology and Advanced Studies (VISTAS) Chennai, India.
3Dr.B.Chithirairajan, Department of Economics, Vels Institute of Science, Technology and Advanced Studies (VISTAS) Chennai, India.
4Dr. S.Thangamayan, Department of Economics, Vels Institute of Science, Technology and Advanced Studies (VISTAS) Chennai, India.
5Dr.S.Chandrachud, Department of Economics, Vels Institute of Science, Technology and Advanced Studies (VISTAS) Chennai, India. 

Manuscript received on 15 August 2019. | Revised Manuscript received on 25 August 2019. | Manuscript published on 30 September 2019. | PP: 914-917 | Volume-8 Issue-3 September 2019 | Retrieval Number: C4091098319/19©BEIESP | DOI: 10.35940/ijrte.C4091.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: Growth and development are the fundamental as well as the basic objectives of all the developing countries in the world. On the other hand, maintaining the economic stability is the major goal of all the developed countries. Each nation has her own economic policies so as to develop its economy. The development of a country can be indicated and understood by examining the major economic variables. Increasing real per capita income over a period of time will indicate the economic development of a country. Therefore, the authors made an attempt to evaluate the performance of Indian economy in terms of GNP, general price will indicate the stability of Indian economy and the living standard of people in a country. Therefore, the authorities made an attempt to evaluate the performance of Indian economy in terms of GNP, general price, imports and exports since 2000. As per the analysis on the basis of certain macroeconomic variable, the growth rate of GDP of India was greater than the per capita GDP that indicates the increasing inequality in India in the last two decades. The purchasing power of the people and the value of money are fluctuating and the economy was unstable. India’s GDP share in the world output is insignificant. The growth of imports of India is greater than the export which indicates unfavorable balance of payment in case of India’s international trade.
Key Words: Growth, Development, Per Capita Income, GDP, Imports, Exports, Inflation.

Scope of the Article:
Performance Evaluation of Networks