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Macro- Economic Stabilization Measures and Their Interaction with Key Economic Growth Indices in Indian Context: A Meta Analytic Approach

Global Economy is characterized by frequent Economic fluctuations. Attaining economic growth amidst constant volatilities in- real national income, general price levels, and rate of employment, income distribution, public finances and FDI stock of a country is a serious challenge before the government. Economic Stability can be achieved only when there is absence of excessive fluctuations and volatility in the macroeconomic environment. An economy with fairly constant output growth, declining unemployment rate and low and stable inflation would be considered economically stable .Government of India and Central Bank carefully monitor and analyse the trends in business cycles from time to time and formulate and implement appropriate monetary and fiscal policies so as to avert economic slump or down turn. Through this paper an endeavour is made to examine whether the stabilization initiatives of the government and RBI have facilitated achievement of stability through a Meta analytic survey based on secondary data sources.