UGC Approved Journal no 63975(19)

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

Volume 9 Issue 7
July-2022
eISSN: 2349-5162

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

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Published Paper ID:
JETIR2207070


Registration ID:
400783

Page Number

a580-a587

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Title

Analysis of Inflation and Fiscal Deficit in India

Abstract

The paper empirically investigates the relationship and causality between inflation and fiscal deficit from 2005 to 2020 at monthly data. In this paper, the main objective is to find out the effect of FRBM Act-2003 in deterring the inflation level in India. The government expenditure raised the money supply in the economy as more deficit is financed by borrowing and issuing short-term debt instruments. Therefore, the target of fiscal deficit necessarily deters the level of inflation. The empirical result as analyzed using the standard time series econometric model confirms that there is no causation of fiscal deficit on inflation while there is strong evidence of causation of inflation on fiscal deficit. Hence, the finding appropriately explains the causal relationship between fiscal deficit and inflation as inflation is a monetary phenomenon and is determined by market forces including the external sector of the economy. The result also portrays the long equilibrium between inflation and fiscal deficit.

Key Words

Fiscal Deficit, Inflation, VAR, Cointegration

Cite This Article

"Analysis of Inflation and Fiscal Deficit in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 7, page no.a580-a587, July-2022, Available :http://www.jetir.org/papers/JETIR2207070.pdf

ISSN


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

"Analysis of Inflation and Fiscal Deficit in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 7, page no. ppa580-a587, July-2022, Available at : http://www.jetir.org/papers/JETIR2207070.pdf

Publication Details

Published Paper ID: JETIR2207070
Registration ID: 400783
Published In: Volume 9 | Issue 7 | Year July-2022
DOI (Digital Object Identifier):
Page No: a580-a587
Country: Aligarh, Uttar Pradesh, India .
Area: Other
ISSN Number: 2349-5162
Publisher: IJ Publication


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