Macro Economic variables and their Interlinkage

Date – 5th November 2022

A guest lecture on Macro Economic variables and their Interlinkage was held on November 5th, 2022, at the Indus Business Academy in Bengaluru, with Mr. Deepak Alva serving as the speaker. Mr. Deepak Alva works at Universal Business School as a financial controller and adjunct professor. He currently works in the supply chain for meril Lifesciences, a multinational manufacturer of medical implants and gadgets. Planning, forecasting, and credit control are tasks of the general manager.

Macroeconomic variables are the key indicators used to assess the overall health and performance of an economy. These variables are interconnected and affect each other in various ways, making it crucial to understand their interlinkages.

Gross Domestic Product (GDP), inflation, unemployment, and exchange rates are some of the key macroeconomic variables. GDP is the total value of all goods and services produced within a country’s borders in a given period. It is used as a measure of a country’s economic growth and development.

The interlinkages between these variables are complex and dynamic. For example, a rise in GDP can lead to an increase in consumer spending and demand, which can, in turn, lead to inflation. Similarly, high unemployment rates can lead to decreased consumer spending and demand, which can negatively impact economic growth.

The event was a motivational and inspiring experience for the students.