World Journal of
Pharmaceutical and Life Sciences

STUDY OF INDIAN ECONOMY 2021- A REVIEW ARTICLE

K. Dharm Raj*

ABSTRACT

Middle income developing market is Economy of India in terms of market economy. It is the world's fifth-longest economy by checking the numbers of GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India rank 142nd by GDP (nominal) and 128th by GDP (PPP). SINCE 1947 till 1991, successive governments enhanced protectionist economic policies, with general state intervention and rules of economy. In the form of the License Raj this is characterised as dirigisme. Adoption of a broad economic liberalisation in India comes at the end of the Cold War . An acute balance of payments crisis in 1991 led to the National Income for 2021-22 from Union Finance Ministry in its annual budget making exercise. It is passes on 1st Feb. 2021 by finance minster. The independent body in its estimated at that time and compiled that if using Benchmark-Indicator method the GDP may grow at 9.2% in the financial year ending March 2022 and it has grown too. Hence an attempt has made to recollect the information’s regarding the economy status in 2021.

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