| Authors | GEETHA. J. R. |
|---|---|
| Article Type | Research Article |
| Language | English |
| Journal | North Asian International Research Journal of Social Science & Humanities |
| ISSN | 2454-9827 |
| Volume | 12 |
| Issue | 7 |
| Pages | 29-44 |
| Publication Year | 2026 |
| Publication Date | July 01, 2026 |
| DOI URL | https://doiglobal.org/10.2026/NAIRJCSSH.013 |
Inflation is one of the most important macroeconomic phenomena influencing economic growth, household welfare, investment, savings, employment, and public policy. Moderate and predictable inflation can coexist with economic expansion, but persistent or high inflation can reduce purchasing power, create uncertainty, weaken savings, alter consumption patterns, and disproportionately affect low- and middle-income households. This paper examines the nature, causes, and consequences of inflation in India and analyses its relationship with economic growth and household welfare. The study adopts a descriptive and analytical approach based on secondary data and established economic literature. Particular attention is given to food inflation, fuel prices, monetary factors, supply-side shocks, imported inflation, inflation expectations, and the role of fiscal and monetary policy. The paper argues that inflation management requires a balanced approach because excessively restrictive policy may weaken growth and employment, while persistent inflation can undermine macroeconomic stability and social welfare. The study concludes that India's inflation-control strategy should combine credible monetary policy with supply-side reforms, agricultural productivity improvements, better logistics, energy diversification, efficient public distribution, and targeted support for vulnerable households.
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This scholarly article has been successfully registered and assigned a persistent DOI through DOIGLOBAL.
DOI: 10.2026/NAIRJCSSH.013
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North Asian International Research Journal of Social Science & Humanities
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