An Assessment of selected Episodes of High Inflation in India & Measures to Control

Philip's curve and other theories state that economic growth introduces inflation in an economy. But there should be outer limit of inflation rate which can be controlled by government/central bank and also be reasonable. If we know potency of our tools control of inflation then we can take risk of inflation.

Present study focused on relationship between selected episodes of inflations in India and selected rates of monetary tools in the period of the episodes.

The present research work is extension of the paper presented in National Conference.