Macroeconomic Variables

Introduction

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MACROECONOMIC VARIABLES

Target Variables

Instrument Variables

Intermediate Variables

Indicative Variables

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Target Variables
‡ Economic Growth ‡ Price Stability (Containing Inflation) ‡ Social Justice (Reducing the unemployment rate and incidence of poverty to the minimum possible levels) and Ecological Balance ‡ Self Reliance and Non-dependence ( Securing adequate balance of foreign exchange reserves)
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Instrument Variables
KEY INSTRUMENTS

‡ Fiscal Policy ‡ Monetary Policy
OTHER INSTRUMENTS

‡ Trade Policy (Exim Policy) ‡ Income Policy ‡ Sector-specific Policies (like policies related to Agriculture, Industry, Labour and other sectors of the economy)
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Intermediate Variables
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ Money Supply Interest Rate Savings Investment Bank Credit Imports Exports Government Expenditure Taxes/Subsidies, etc.
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Indicative Variables
‡ ‡ ‡ ‡ ‡ ‡ Monsoon Stock Exchange Index F.E. Reserves Fiscal Deficit Political Stability Social Harmony, etc.

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