Main Article Content
Countries in the world have been doing at their level best to obtain economic development. Economic development may be indicated by various factors that may include national income, per capita income, employment generation, investment, savings, etc. In addition, physical quality of Life Index and Human Development Index may also be used. For understanding the effective use of capital formation Multiplier and Marginal productivity of capital are appropriate tools that may indicate economic development. Therefore, the authors estimated the Marginal productivity of capital and multiplier since 2000. The estimated values suggested that there is little change in the development magnitude of India.