Analysing the Effect of Global Recession on Macroeconomic Indicators of Indian Economy

Economy of a particular country is the best indicator of its financial and social soundness. A country is said to be developed if its per capita income and the standard of living rate is high. Indian economy had experience the roller-coaster in its initial age after independence. The new chapter of Indian economy began with the historical event of L.P.G. i.e. Liberalization, Privatization and Globalization. Out of which globalization connected India with the whole world so far the trade and commerce is concerned. The world still remember the global crisis took place in United States which greatly affected Indian economy from 2007-2008. What effect Indian economy faced can be identified in this paper by studying macro-economic indicators. The study is based on secondary data collected from the handbook of statistics published by RBI, journals, and publishes articles. The present study is based on descriptive and causal research design. The study indicates that the market crash took place in U.S. economy, highly influenced the Indian economy. Macro-economic indicators of Indian economy show a considerable impact of global turmoil.