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    A Study of Trends and Causes of Inflation in India : - Unable To Open

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    Ipsita Satapathy
    The Indian economy is on a recovery path with GDP growth of 7.4% in the first three quarters of 2014-15. The finance minister says the government is committed to maintaining stable macroeconomic conditions to achieve over 8% growth. Inflation, which was a major concern between 2010-2013, has significantly decreased, with CPI inflation down to 5.2% in March 2015 from 11.2% in November 2013. Going forward, the Reserve Bank of India will aim to bring inflation down to the target rate of 4% by the end of fiscal year 2016-17.

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    A Study of Trends and Causes of Inflation in India : - Unable To Open

    Uploaded by

    Ipsita Satapathy
    14 views2 pages
    The Indian economy is on a recovery path with GDP growth of 7.4% in the first three quarters of 2014-15. The finance minister says the government is committed to maintaining stable macroeconomic conditions to achieve over 8% growth. Inflation, which was a major concern between 2010-2013, has significantly decreased, with CPI inflation down to 5.2% in March 2015 from 11.2% in November 2013. Going forward, the Reserve Bank of India will aim to bring inflation down to the target rate of 4% by the end of fiscal year 2016-17.

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    Present inflation 2016

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    Present Inflation

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    The Indian economy is on a recovery path with GDP growth of 7.4% in the first three quarters of 2014-15. The finance minister says the government is committed to maintaining stable macroeconomic conditions to achieve over 8% growth. Inflation, which was a major concern between 2010-2013, has significantly decreased, with CPI inflation down to 5.2% in March 2015 from 11.2% in November 2013. Going forward, the Reserve Bank of India will aim to bring inflation down to the target rate of 4% by the end of fiscal year 2016-17.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    14 views2 pages

    A Study of Trends and Causes of Inflation in India : - Unable To Open

    Uploaded by

    Ipsita Satapathy
    The Indian economy is on a recovery path with GDP growth of 7.4% in the first three quarters of 2014-15. The finance minister says the government is committed to maintaining stable macroeconomic conditions to achieve over 8% growth. Inflation, which was a major concern between 2010-2013, has significantly decreased, with CPI inflation down to 5.2% in March 2015 from 11.2% in November 2013. Going forward, the Reserve Bank of India will aim to bring inflation down to the target rate of 4% by the end of fiscal year 2016-17.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
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    A STUDY OF TRENDS AND CAUSES OF INFLATION IN INDIA>

    https://doaj.org/article/6c39daf7987e4f169610d425f2af1b86 - unable to open ->

    Washington: Indian economy is now clearly on a recovery path with a 7.4% growth in the first
    three quarters and the government is committed to maintain overall macroeconomic conditions
    on a sustained basis, finance minister Arun Jaitley has said.
    We are committed to maintain overall macroeconomic conditions on a sustained basis so that
    the Indian economy is able to achieve and sustain growth of 8% and above, Jaitley said in his
    address to the International Monetary and Financial Committee.
    The Indian economy is now clearly on a recovery path, he said, adding Indias growth
    recovered to 7.4% in the first three quarters (April-December) of 2014-15 as compared with
    7.0% during the same period of 2013-14.
    Advance estimates have also placed the gross domestic product (GDP) growth for the full year of
    2014-15 at 7.4%. Medium-term growth prospects have also improved following recent policy
    initiatives towards unlocking coal and other mining activity, liberalisation of foreign direct
    investment (FDI) limits and a renewed thrust on public investment in infrastructure, which would
    help to improve the investment climate.
    Inflation, which was a major concern for India during 2010-13, has moderated significantly, he
    said.
    Consumer price index (CPI) inflation, which is now used as the main measure of headline
    inflation by the Reserve Bank of India (RBI), declined to 5.2% in March 2015 from 11.2% in
    November 2013, he said.

    In terms of the flexible inflation targeting framework adopted recently, going forward, the RBI
    will seek to bring the inflation rate to the mid-point of the band of 4 +/- 2%, i.e., to 4% by the
    end of a two year period starting fiscal year 2016-17, Jaitley told the world body.
    Noting that India has continued on the path of fiscal consolidation, he said the GFD of the central
    government, which was 5.7% of GDP in 2011-12, declined to 4.1% in 2014-15 and is budgeted
    to decline further to 3.9% in 2015-16.
    Indias current account deficit (CAD) declined sharply from 4.8% of GDP in 2012-13 to 1.7% in
    2013-14 and is expected to decline further to 1.3% in 2014-15. PTI

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