• Dr. Abhishek Kumar
• Dr. Ashok Gupta
• Neha Rani
• Dr. S.S. Chauhan

India has been increasingly seen as an engine for future world growth. This is an excellent reason to look at India's economic prospects during the last decade. The Indian economy is the fastest growing and largest economy and is projected to expand quicker in the future years. But India's economy seems to have slowed considerably during 2018-19. The closest reasons for this slowdown are increasing private spending, a moderate rise in fixed investment, and fairly significant exports. On the supply side, the task is to reverse the decrease of growth in the agriculture sector and to sustain industrial development. On the external front, the current account deficit will probably decrease as a ratio to GDP in 2018-19, decreasing the leakage in economic growth. Monetary policy has tried to fuel growth by reducing repo rates and easing bank liquidity. In 2018-19, low inflation allowed this monetary easing to take place, but it began to increase in the final few months of the year. Growth has recovered, inflation has slowed, and budget and trade deficits have decreased. The Government of India has also implemented programmes and reforms to promote investment, increase productivity and guarantee budgetary sustainability. However, India's high long-term development potential, driven by demography, urbanisation and productivity-enhancing reforms, shows that additional trade growth between Australia and India will take place in the future years.

Economic, GDP, Indian Economy, Inflation, Manufacturing.

"An Assessment of the Indian Economic Scenario", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.90-95, August-2018, Available :http://www.jetir.org/papers/JETIRFF06016.pdf

"An Assessment of the Indian Economic Scenario", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp90-95, August-2018, Available at : http://www.jetir.org/papers/JETIRFF06016.pdf