INFLATION IN INDIA: CAUSES AND REMEDIES

Abstract

This paper delves into the intricate landscape of inflation in India, aiming to dissect its root causes and propose strategic remedies. As a developing economy, India grapples with the complexities of inflation, which significantly impacts economic stability and the standard of living. The causes are multifaceted, including demand-pull factors arising from rapid economic growth, cost-push elements driven by escalating production costs, and structural issues like inefficient agricultural practices. To address these challenges, the paper suggests a multifaceted approach encompassing monetary policy measures, fiscal reforms, and structural changes. By exploring international cooperation and learning from successful strategies in other countries, India can forge a path towards sustained economic growth with controlled inflation, fostering a prosperous and inclusive future.