Abstract
India is the most important emerging market economies of the world, its sustained economic gross value added (GVA) remarkable across agriculture and allied sector, industry and infrastructure sector, and banking and services sector. It has accomplished higher rate of national gross value added due to the creation of gross fixed capital formation, formal and informal employment, trade openness, and global capital inflows into the various industries since 1991 to present day. In the past three decades of neoliberal reforms, massive economic developments have been occurred in this country still standard of living of her people remains low as compared to the world countries due to the higher rate of unemployment, hunger and poverty. The main causes of lower standard of living of her people are the lower per capita income, inequality in distribution of wage and income, lesser human capital, and lower rate of health expenditure and education expenditure as a percentage of gross domestic product by the Government of India both in rural and urban area. So, to study the descriptively capital formation, creation of formal and informal employment, foreign trade, and national gross value added in India.
