1)US, Japan, and China have all used Shimomuran macroeconomics for creation of zero cost investment credit. Does India have any plans for this scheme?

2)What is the alternative name of macroeconomics?

3)What are some lesser-known macroeconomic objectives?

1)No, India does not have any plans for using Shimomuran macroeconomics for creation of zero cost investment credit. This is because the implementation of such a policy is very difficult in India.

2)The alternative name that can be given to macroeconomics will be the economics of aggregates as macroeconomics deals with aggregated indicators such as national income, unemployment rate, gross domestic product, etc, and comprises of the models which describe the relationship between these indicators as consumption, inflation, investment, international trade & finance, output, etc.

Macroeconomics is also often called Keynesian economics after the founder of most of the underlying theories.

3)At a broader level, macroeconomics deals with objectives such as maximizing national income, monitoring inflation and employment, ensuring economic growth, and raising standards of living.

Some of the lesser-known macroeconomic objectives are:

1. Minimizing inequality: Income inequality is a common issue in several countries and income redistribution between the rich and the poor is one of the objectives pursued by the macroeconomic policies.
2. Poverty reduction: Increasing poverty is a drawback for any growing economy. Poverty can be reduced using effective macroeconomic policies.
3. Competitiveness: Exports become relatively competitive due to low inflation strategies. The macroeconomic objective is to bring competition into the market and maintain a balance of exports and imports.
4. Encourage investments: Investments are promoted when interest rates are maintained at a lower rate through macroeconomic policies.