Economic Recovery and Growth Patterns In India: A Visual Study Of Macroeconomic Aggregates After Covid-19

Abstract

The present study examines the economic recovery and growth patterns of India through a quantitative analysis of major macroeconomic aggregates during the period from FY 2018–19 to FY 2024–25. The study focuses on key indicators such as Gross Domestic Product (GDP), Gross National Income (GNI), Net National Income (NNI), Gross National Disposable Income (GNDI), Gross Saving, Gross Capital Formation (GCF), and selected per capita indicators. Secondary data were collected from the National Accounts Statistics published by the Ministry of Statistics and Programme Implementation (MoSPI), Government of India. A descriptive and analytical research design was adopted, and the data were analyzed using trend analysis, ratio analysis, growth rates, and graphical interpretation. The findings reveal a significant contraction in economic activity during FY 2020–21 due to the COVID-19 pandemic, followed by a strong and sustained recovery in subsequent years. Most macroeconomic indicators demonstrated substantial post-pandemic growth, reflecting India's economic resilience, rising investment activity, and improvement in average income levels. The study concludes that despite temporary disruptions caused by the pandemic, India's economy successfully regained growth momentum and exhibited a robust recovery trajectory.

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