International Journal of Applied Research
Vol. 6, Issue 9, Part F (2020)
Unemployment and inflation in India: A study
The productive capacity of the economy down due to stagnation and excess capacity was increasing. The trade on between unemployment and inflation along with the sectors used high level modern technology machinery and excess labour force of the nation. The economy happened underemployment was nature in short run period but unemployment is very crucial problem for it. The famous British economist A. W. Phillips who first identified it, it expresses an inverse relationship between the rate of unemployment and the rate of increase in money wages (Real Income or Labour Productivity). The objectives was study on trends of unemployment and inflation rate in India and examine trade -off between unemployment and inflation in Indian economy - The Phillips curve concept. The present paper used secondary data in period from 2009 to 2017. Therefore, data were sourced from Reserve bank of India (RBI) statistical bulletin and Ministry of labour and Employment and using with simple average, percentage method and trend line and The result of the test revealed that unemployment and inflation are inversely related, thus confirming the existence of the Phillips curve in India.
How to cite this article:
Dr. Vinay Kumar Singh. Unemployment and inflation in India: A study. Int J Appl Res 2020;6(9):442-446.