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http://hdl.handle.net/10603/547779
Title: | Measurement of Inflation in India A Study of Middle Income Group of Delhi NCR |
Researcher: | Goel Mayank |
Guide(s): | Khatter Kapil |
Keywords: | Economics and Business Management Social Sciences |
University: | Jagannath University, Jaipur |
Completed Date: | 2022 |
Abstract: | To ensure ease of living for middle class in Delhi NCR, there is a case for availability of quality goods and services on reasonable prices with no inflation. It depends on the basket of goods consumed by the people and varies from person to person with gender, age and income. Inflation in India is a well-known location specific economic problem with social implications for various categories of consumers most notably middle class. The true nature of the problem of inflation in India cannot be understood by the inflation rate announced every month by the Government of India (GOI). We fail to understand the logic of calculating annual inflation rate monthly (earlier weekly) on the basis of Wholesale Price Index (WPI) representing only 697 items with base year 2011-12 using Geometric Mean (GM) based on point-to-point basis method as seventh revision. WPI series in India has undergone earlier six revisions in 1952-53, 1961-62, 1970-71,1981-82,1993-94 and 2004-05. The data on inflation conceals more than it reveals. A new Food Index combining the food articles under primary articles and food products under manufactured products as Consumer Food Price Index also released by CSO. The core inflation refers to price increase excluding that of volatile fluctuations in prices of food and energy also called structural inflation the other is food inflation . There are different kinds of inflation in literature including Hyper/Runway inflation (averaging 100 percent in 03 years), Galloping inflation (increasing in arithmetic or geometric progression), Creeping inflation (gradual increase in prices), Dis-inflation (reduced rate of increase in prices), Deflation (negative inflation with falling prices), Demand-pull inflation (if demand exceeds supply, increases prices), Cost-push inflation (rising cost of production particularly energy). It has been revealed that WPI based inflation is not the monthly inflation rate which can be used to assess the impact on various categories of people particularly middle class. It is b |
Pagination: | |
URI: | http://hdl.handle.net/10603/547779 |
Appears in Departments: | Department of Management Studies |
Files in This Item:
File | Description | Size | Format | |
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01_title.pdf.pdf | Attached File | 94.32 kB | Adobe PDF | View/Open |
02_prelim pages.pdf.pdf | 192.63 kB | Adobe PDF | View/Open | |
03_content.pdf.pdf | 110.61 kB | Adobe PDF | View/Open | |
04_abstract.pdf.pdf | 73.22 kB | Adobe PDF | View/Open | |
05_chapter1.pdf.pdf | 149.27 kB | Adobe PDF | View/Open | |
06_chapter 2.pdf.pdf | 221.96 kB | Adobe PDF | View/Open | |
07_chapter 3.pdf.pdf | 990 kB | Adobe PDF | View/Open | |
08_chapter 4.pdf.pdf | 214.45 kB | Adobe PDF | View/Open | |
09_chapter 5.pdf.pdf | 1.77 MB | Adobe PDF | View/Open | |
10_annexure.pdf.pdf | 7.03 MB | Adobe PDF | View/Open | |
80_recommendation.pdf | 160.77 kB | Adobe PDF | View/Open |
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