In the past decade, India has shown tremendous economic growth patterns amid hue and cry over the economic disparities and imbalances. The Gross Domestic Product (GDP) growth rate has been impressive but other indicators of economic development such as infrastructure, income inequality, Index of Industrial Production (IIP) have been alarming and unsatisfactory. Recent structural changes in the Indian economy such as changes in FDI policy, Demonetisation, and implementation of Goods and Service Tax (GST) have witnessed contradictory patterns. This article focuses on the issues of India’s economic growth and the prevalent anomalies. It also captures the expectation of Modi’s government regarding the future of the Indian economy.
