GATE Coaching full course

Economic indicators are vital tools used by economists, policymakers, and investors to gauge the health and performance of an economy. These indicators provide insights into various aspects such as employment levels, inflation rates, consumer spending, and overall economic growth. Understanding these indicators helps in making informed decisions regarding investments, monetary policies, and business strategies. One key indicator is the Gross Domestic Product (GDP), which measures the total value of goods and services produced within a country's borders over a specific period. A rising GDP signifies economic expansion, while a declining GDP indicates contraction.