The Political-Economy of India…

International Journal of Economics and Management Studies
© 2019 by SSRG - IJEMS Journal
Volume 6 Issue 12
Year of Publication : 2019
Authors : Shaleen Nath Tripathi, Anubhav Nath Tripathi
How to Cite?

Shaleen Nath Tripathi, Anubhav Nath Tripathi, "The Political-Economy of India…," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 12, pp. 59-68, 2019. Crossref,


Inflation reduces the value of capital. Although the Indian-economy is growing fastest among the major world economies, its current growth rate is lower than its peak performance after the global financial crisis of 2008 when the economy received fiscal and monetary policy stimuli by the policy-makers which kicked-off the growth-rate in the following years. However, the inflation–rate also soared to double-digits which the central banks tamed by tightening money-supply and increasing interest rate and the government also curbed its expenditure in the wake. Nonetheless, the previous UPA government continued the stimulus longer that pushed inflation to intolerable heights when INDIA is still a developing economy with various types of
constraints over investment and supply. The last decade of the country’s growth path shows that the economy is responsive to increase in money-supply, either by monetary-policy or fiscal policy, but in a supplyconstrained scenario the economy easily starts overheating or inflating.


Political, Indian-economy, world economies


[1] Does Slower Growth Imply Lower Interest Rates?
[2] Monetary-Policy: The Experience of U.S. as Compared to Other Western Countries, S. Yadav, Shaleen Nath Tripathi Volume 6, Issue 2, March-April 2017 - Monetary Policy Economics
[3] Why are interest rates negative in some countries? negative-in-some-countries-1565811455164.html
[4] The rich world needs higher real wage growth.
[5] The Global Decline of the Natural Rate of Interest and Implications for Monetary Policy.
[6] What is Countercyclical Fiscal Policy?
[7] Sekhar, C.S.C.; Roy, Devesh; and Bhatt, Yogesh. 2017. Food inflation and food price volatility in India: Trends and determinants. IFPRI Discussion Paper 1640. Washington, D.C.: International Food Policy Research Institute (IFPRI).
[8] India imports 50.8 lakh ton pulses for Rs 17,280 crore in April-December.
[9] Washington, D.C.: International Food Policy Research Institute(IFPRI).Vaidyanathan, A. 1990. Critical issues facing India irrigation. In Future directions for Indian irrigation: research and policy issues. Meinzen-Dick, Ruth Suseela; Svendsen, Mark (Eds.). Chapter 3. Pp. 8-26. Washington,
D.C.: International Food Policy Research Institute (IFPRI).
[10] What are Masala Bonds and how can they rescue sliding rupee?
[11] Kallianiotis J.N. (2013) Foreign Currency Derivatives. In:Exchange Rates and International Financial Economics. Palgrave Macmillan, New York
[12] Bond.
[13] The Influence of the Rate of Interest on Prices (1907).Economic Journal 17. Available online at:
[14] Keynes, John Maynard, 1883-1946. (1936). The general theory of employment, interest and money. London Macmillan,
[15] IMF estimations for Iceland and Latvia. For Argentina and Ireland, estimations are from V. Mignon & al. (2012), “On currency misalignments within the euro area”, CEPII Working Paper, no 2012-07, April.
[16] A. Burstein, M. Eichenbaum & S. Rebelo (2005), “Large Devaluations and the Real Exchange Rate”, Journal of Political Economy, vol. 113, no. 4.
[17] Bankruptcy code biggest economic reform after GST: Finance Ministry.
[18] Labour Reform in India (An Overview).
[19] Theory and Evidence Linking International Trade to Unemployment Rates. Maksim Belenkiy George Mason University, School of Public Policy David Riker U.S. International Trade Commission January 2015.
[20] Harrod, Roy F. (1939). An Essay in Dynamic Theory. The Economic Journal. 49 (193).
[21] Unemployment, Internal Devaluation and Labour Market  deregulation in Europe Martin R. Myant, Sotiria Theodoropoulou, Agnieszka Piasna, European Trade Union Institute (ETUI), 2016