“Philips Curve and Indian Experience”

This research paper revisits the empirical existence of the Phillips curve in the Indian context. To estimate the Phillips curve we need two variables-Inflation Rate and the Unemployment Rate. Empirical evidence is obtained from the annual data collected from various sources. Empirical results are obtained by using the statistical test which is Correlation Coefficient. The experimental result shows there is a negative relationship between Inflation and Unemployment in Indian Context. So the Phillips curve is present in the Indian Economy.