International Journal of Management, IT and Engineering

  • Year: 2018
  • Volume: 8
  • Issue: 3

Impact of GDP and inflation on unemployment rate: "A study of Indian Economy in 2011–2018”

  • Author:
  • Rubee Singh
  • Total Page Count: 12
  • DOI:
  • Page Number: 329 to 340

Assistant Professor in HR, Department of Business Management (MBA), H.R Institute of Technology (Ghaziabad) U.P, India

Abstract

This study has examined the impact of inflation on GDP and unemployment rate in India. It is a longitudinal study for the period in 2011–2018. The data has been taken from secondary sources. The study concludes that inflation insignificantly influences GDP and unemployment and the correlation is negative. The correlation between unemployment and inflation is positive i.e. 0.477 and is insignificant at 10% level of significance. The correlation between GDP and unemployment rate has also been found insignificant with a value of 0.196. It is, therefore, concluded that inflation has a role which influential but for GDP and unemployment with insignificant levels in the macroeconomics factors of Indian economy.

Keywords

GDP, Unemployment, Poverty, Inflation