Volume : V, Issue : VII, July - 2015

Inflation in India

Dr. Meenu Jain

Abstract :

 Milton Friedman famously said, “ Inflation is always and everywhere a monetary phenomenon”. It is like a tax and hits the poor the hardest . Inflation is considered as a severe macro–economic problem since the Third Five Year Plan. We had many high inflation episodes before 2015. The rate of inflation in our country has been higher than in most of other countries .From the perspective of the poor ,the most worrisome aspect of recent overall price rise is the high food inflation. Such a trend has serious adverse welfare effects when in the same period, food inflation at global level has been low /negative .The government and RBI have adopted a set of regulatory ,administrative and economic measures to combat inflation. But it has not yielded the desired results . Still India grapples with the dreaded monster called high inflation. Stagflation–type environment is emerging in the country .

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. Meenu Jain Dr. Meenu Jain Indian Journal of Applied Research, Vol.5, Issue : 7 July 2015

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