Analysis of the short run phillips curve in India

Inflation, Unemployment and GDP are some of the vital variables for any nation, as they play a key role in determining the economic growth and development. The relationship between inflation and unemployment has been discussed by A.W. Phillips in his concept Phillips curve, which was widely accepted, criticized and augmented by the successive schools of economic thought. This study analyzes the relationship between inflation and unemployment in India from 2004 to 2018 using ordinary least square method and it has been observed that there exists a negative relation among the variables as explained by A.W. Phillips.