A Curious Study on Inflation Uncertainty in India

Abstract

“Necessity is the mother of inflation.” The prevalence of coronavirus disease 2019 pandemic has posed the issue of huge inflation and economic depression all around the world. The ability to sustain economic growth and progress towards the direction of Atmanirbhar Bharat requires a combination of rapid growth, long-term stability and also a check on inflation. The Atmanirbhar Bharat has its centre of gravity focused on the economic growth of the country. There are various pillars of Atmanirbhar Bharat, such as economy, infrastructure, system, demography and demand. Inflation is one of the crucial issue that creates uncertainty in the market and makes it difficult for businesses to move forward. The main objective of the present study is to understand the role of inflation in successful accomplishments of the targets of the Atmanirbhar Bharat mission. This paper also analyses the recent scenario of inflation in India and its impact. As per the study findings, the lives of the middle and lower classes are severely impacted by inflation. Finally, it concludes that massive, successful and long-term government actions are required to control inflation. New employment policies have prevented or reduced inflation in the global economy, which has a good effect on people’s quality of life all over the world.

Keywords: Inflation, Atmanirbhar Bharat, Measures, Indian Economy

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