AN ANALYTICAL REVIEW OF MACROECONOMIC FACTORS IN RURAL SUSTAINABILITY IN INDIA:A THEORETICAL STUDY IN CONTEXT OF AGRICULTURAL DEVELOPMENT PUBLISHEDVishal Singh VARMA1, R. GUPTA1, Laura ȘMULEAC2, R. PAȘCALĂU 2, R. K. GOYAL3, Kritika TEKWANI1, Mihaela Liana FERICEAN2 1Nirwan University Jaipur, Rajasthan, India 2University of Life Science "King Michael I of Romania" from Timisoara, Faculty of Agriculture, Romania, 3Chairman, Indian Institute of Material Management, Jaipur email@example.com
The financial growth of the region and the whole country can be broadly indicated by the macroeconomic factors. These factors are “geopolitical, environmental or economic event” by which the monetary stability of the country and its economy is highly influenced. The economic growth of the region shows ups and down due to these macroeconomic factors and this fluctuation can be “inside and outside” of control of the government and their citizen. The events that change the financial outlook of the country including its rural areas are all described the variables known as macroeconomic factors. There is a cyclical pattern that includes economic growth and recession and the people from different professions address these factors to know the finance related policies to maintain their financial stability. The study had reviewed macroeconomic factors in rural development in India and concludes that there are many significant consequences of macroeconomy development for agriculture sector and the main factor that links this sector to global macroeconomy are “exchange rates, international trade, foreign and domestic income, employment, interest rates, and energy costs”. The macroeconomic changes at domestic and international level can bring in major shifts in the values of these indicators which in turn alter the agricultural price, production, consumption and trade of the country.
macroeconomic factors, rural development, agricultural development, India, economic development