1Assoc iate Professor, Oman College of Management and Technology, Sultanate of Oman
2Professor (Dean), Oman College of Management and Technology, Sultanate of Oman
3HOD, Department of Bus iness management, Integral University, Luckhnow, UP
JEL Classification: A 10, A13, A14, B 12, B 16, B21, B 22, B 26
It is impossible to explain and judicially predict inflation in true séance. No economist in the world can predict the jerks of inflation and even its true causes. It is perpetual in existence as it is other side of economic growth coin. Its presence is a sign of growing economy but if it grows above to desired percentage than it become disastrous for respective economies. Hence for betterment of nation's future, it is very important to control inflation rate. Since India is holding proud distinction of world largest poor population who are surviving on half dollar per day earning. Inflation act as hidden tax on citizens and on long term lenders. It is also found that inflation crises and exchange rate crises are two sides of same coin and they move with matching steps each simulteneously. Though India has fair inflation records but still need strong policies to keep inflation at bay. The preceeding discussin carries in depth study about how does it prevail and how the govt role has been indelible to help in keeping price in check for all segment and products.
CRR, NDTL, GDP, SLR, Repo Rate, WPI, CPI, EDE, RBI, Inflation