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IMPACT OF INFLATION ON GROWTH & DEVELOPMENT

Authors: Dr. Rama Achuta Sartape.;

IMPACT OF INFLATION ON GROWTH & DEVELOPMENT

Abstract

One of the most important aspects of human development is the ability to have a decent standard of living. Inflation is having a higher effect on the consumption Pattern of Low Income people. Because Increase in price levels several affect their consumption due to reduction in purchasing power. Economic growth of a Country is the result of monetary fiscal and economic policies undertaken by its policy makers. Inflation has long been the common man's concern about economy. (Economic growth relationship between price growth and economic Growth). Economic growth is affected by a number of factor's one of which is Inflation. The relationship between economic growth and price growth is a complex one. Empirical studies have shown that the relationship between economic Growth and Inflation may be positive, negative and neutral. Today, there are no doubts that high Inflation has a negative effect on economic growth-Economic growth Leads to an Increase in the wealth of the country as a whole by extending its potential in the fight against poverty, unemployment Income distribution and social problems.

Keywords

Inflation, Economy, Monetary & Fiscal Strategy, Inflation, Economy, Monetary & Fiscal Strategy

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selected citations
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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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