UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 2 Issue 12
December-2015
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1701898


Registration ID:
506915

Page Number

387-397

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Title

A STUDY ON ECONOMIC REFORMS AND ITS IMPACT ON FOOD INFLATION IN INDIA

Abstract

Liberalization Privatization and Globalization(LPG) is the Economic reform needed in India and in the year 1991 these reforms change the whole scenario of Indian Economy and it boost Indian Economy. Persistently high food inflation has been a major contributor to India's extended era of high inflation over the previous decade. India's economy has grown rapidly over the past two decades, but this expansion has been accompanied by rapid inflation in the cost of staple foods. Even while the economy as a whole has been expanding, agriculture's expansion has been painfully slow. The rising demand for food is directly correlated to rising incomes, but agricultural output has not kept pace with this trend. Theoretical justifications and time series econometric findings both point to increases in per capita income and a lack of supplies as the root causes of the upward trend in prices. The expansion of the money supply has little effect on agricultural prices in the long run. There is some influence on pricing from rising government spending and an unfavourable foreign currency rate, however the results are not very strong.

Key Words

Inflation, Economic reforms, Economy, Agriculture

Cite This Article

"A STUDY ON ECONOMIC REFORMS AND ITS IMPACT ON FOOD INFLATION IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.2, Issue 12, page no.387-397, December-2015, Available :http://www.jetir.org/papers/JETIR1701898.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A STUDY ON ECONOMIC REFORMS AND ITS IMPACT ON FOOD INFLATION IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 12, page no. pp387-397, December-2015, Available at : http://www.jetir.org/papers/JETIR1701898.pdf

Publication Details

Published Paper ID: JETIR1701898
Registration ID: 506915
Published In: Volume 2 | Issue 12 | Year December-2015
DOI (Digital Object Identifier):
Page No: 387-397
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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