Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

An Economic Analysis of Historic Inflation Rate in India


Affiliations
1 Sri Vasavi College (SFW), Erode, Tamil Nadu, India
2 Sri Vasavi College, Erode, Tamil Nadu, India
     

   Subscribe/Renew Journal


India's inflationary experience was a varied basket. There were some years the annual inflation rate reached at maximum 40%, while other years were negative. The inflation rate was below 6% for 38 years and above 6% for 40 years out of 78 years beginning from 1939-40 to 2016-2017. Suppose, it is assumed that the bearable rate of inflation is equal to or below 6%, then, India appears to be worst in controlling inflation. On the other hand, the rate of inflation above 6% to 15% was for 31 years and above 15% for 9 years. Therefore, many accept as true that India is to be an inflation driven country. The very dangerous economical setback in the Indian economy is inflation, which hinders economic power of the people. Most of the people are still suffering due to inflation in India. These study major aims support the Government and economists should generate better policies for the control the inflation.

Keywords

Inflation, Gross Domestic Product, WPI, CPI-IW, Economic Reforms.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Arunachalam, P. & Sankaranarayanan, K.C. (1998). Liberalization and inflation in India. Yojana, 42(11), 7-9.
  • Awasthi, S.K. (1980). Is it sellers’ inflation in India. Yojana, 24(13), 26-27.
  • Bhinda, P.C. & Choudhary, C.M. (1984). Inflation cause and consequences. Yojana, 28(3), 18-19.
  • Chakravarthy, S. (2007). Our fight against inflation. Yojana, 51, 47-48.
  • Choudhari, S. (2007). Managing inflation in incredible India. Yojana, 51, 20-21.
  • Deaton, A. (2008). Price trends in India and their implications for measuring poverty. Economic and Political Weekly, 43(6), 43-49.
  • Dhar, T.N. (1972). The price perspective. Yojana, 16(18), 755-758.
  • Das, A. & Senapati, M. (2007). GDP deflator vis-Ă -vis other price indices in India: An exploratory study. The Journal of Income and Wealth, 29(1), 3-20.
  • Kanwar, N. (2014). Inflation and the Indian economy. IOSR Journal of Business and Management, 16(1), 28-34.
  • Kumar, R. (2013). A study of inflation dynamics in India: A cointegrated autoregressive approach. IOSR Journal of Humanities and Social Science, 8(1), 65-72.
  • Monica M. & Vignesh, C. (2017). An empirical study on the causes and impacts on inflation in India. International Journal of Applied Research, 3(4), 42-46.
  • Rajkumar, A. W. (2011). Disaggregated analysis of inflation in India. ETHOS, 4(2), 51-61.

Abstract Views: 26

PDF Views: 0




  • An Economic Analysis of Historic Inflation Rate in India

Abstract Views: 26  |  PDF Views: 0

Authors

M. Manikandan
Sri Vasavi College (SFW), Erode, Tamil Nadu, India
R. Jayanthi
Sri Vasavi College, Erode, Tamil Nadu, India

Abstract


India's inflationary experience was a varied basket. There were some years the annual inflation rate reached at maximum 40%, while other years were negative. The inflation rate was below 6% for 38 years and above 6% for 40 years out of 78 years beginning from 1939-40 to 2016-2017. Suppose, it is assumed that the bearable rate of inflation is equal to or below 6%, then, India appears to be worst in controlling inflation. On the other hand, the rate of inflation above 6% to 15% was for 31 years and above 15% for 9 years. Therefore, many accept as true that India is to be an inflation driven country. The very dangerous economical setback in the Indian economy is inflation, which hinders economic power of the people. Most of the people are still suffering due to inflation in India. These study major aims support the Government and economists should generate better policies for the control the inflation.

Keywords


Inflation, Gross Domestic Product, WPI, CPI-IW, Economic Reforms.

References





DOI: https://doi.org/10.17492/pragati.v6i1.183183