The indian economy a macroeconomic perspective by nilanjan banik london sage 2015 234 pp inr 595 paperback isbn 978 93 515 0057 5 in this book nilanjan banik thematically discusses . In 2011 the size of the indian economy was us 185 trillion measured in current 2011 price when the real gdp grows for two consecutive quarters the economy is said to be in an expansion stage expansion is marked by a spurt in economic activity industrial production employment and real income. Macroeconomic perspective on the indian economy gdp business activity indias gross domestic product gdp growth was reported at a six quarter low of 66 international balance indias current account deficit worsened to usd 169 billion 25 of gdp during q4 2018 from a fiscal deficit . Covid 19 and indian economy a macroeconomic perspective prof jagdish shettigar view full profile area head economics existing inherent weaknesses in the financial sector of the indian economy such as hampered flow of credit due to severe liquidity constraints in the banking and non banking financial sector and existence of large