Journal Press India^®

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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

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