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1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period below for India. 2. Explain

1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period below for India.

2. Explain why these numbers are important to the people of India.

Variables /year INDIA 2018 2019 2020 2021 Average per year
Real GDP per capital

$2104.70

$2206.60

$2308.50

$2410.40

$2257.55

GDP per capital growth rate

7.1%

6.8%

6.5%

6.2%

6.65%

Inflation rate 4.58% 3.38% 6.73% 5.28 5.00%
Unemployment rate 6.1% 5.8% 4.5% 3.9% 5.725%

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