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A Study on Inflation in India

Author Affiliations

  • 1S.Chaavan institute of Computer applications, Nellore-524003, INDIA
  • 2 Vikrama Simhapuri University, Nellore-524001, INDIA
  • 3 Dept. of Chandra Reddy Degree College, Nellore-524003, INDIA
  • 4 Noble College of Computer Sciences-MBA, Kavali, INDIA

Int. Res. J. Social Sci., Volume 2, Issue (12), Pages 51-55, December,14 (2013)

Abstract

Inflation is burning issue which hinders the economic growth of the country. It is becoming more hectic to economists, politicians and even people also. It is very dangerous because it is directly impacting on standard of living of the people. The responsibility for government and politicians, economists is to protect/safe guard common man from inflation. According to statistical data the inflation in India is higher specifically in food items. Causes might be demand/supply side, which reduces the purchasing power of people, which impacting on savings of the people also. This paper explains about as per given statistics, the agricultural productivity and sophisticated techniques and reforms in retail industry which helps to protect people from inflation. Government polices like monetary policy and industrial policy should be prepared in such a manner which decreases inflation in India.

References

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  4. Ila Patnaik, Ajay Shah, Giovanni Veronese., How to measure inflation in India, NIPFP-DEA, Research Program on Capital Flows and their ConsequencesNational Institute of Public Finance and PolicyNew Delhi Working Paper 2011-83(2011)
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