Inflation, Income Distribution and Economic Growth : An Empirical Study

Contents: Preface. 1. Introduction. 2. Inflation and economic growth. 3. Measures of inflation. 4. Inflation and economic growth trade-off in India: during pre-reform and post-reform period. 5. Anti-inflationary policies. 6. Economic growth and income distribution. 7. Analysis of economic growth and income distribution. 8. Policy actions for equal income distribution. 9. Relationship among inflation, income distribution and economic growth. Bibliography. Index. It is generally agreed that inflation is socially unfair as it carries in its shadow serious and comprehensive outcomes of economic, social and political nature. Its instantaneous effect is distortion of price relation and degrades general confidence, prolonged inflation tends to direct investment away from strictly productive sector and thus slackens economic growth. It is well recognized, in developing economies like India, that the goal of maximizing growth need to be supplemented by developmental objectives which include reduction in income disparities and eradication of poverty. The effect of income distribution on economic growth and how inflation relates to income distribution has appeared in many studies. However, most of the studies are focused on the United States, the United Kingdom and the developing countries in Latin America. This book is a pioneer attempt to examine the relation among economic growth, income distribution and inflation in India. It contains an analysis of: India’s claim of being an economic superpower. Issues and measures of inflation in India. Inflation and economic growth in India during pre-reform and post-reform period. Economic growth, Income distribution and poverty trends. Relationship among economic growth, inflation and income distribution in India. Suggested anti-inflationary measures and equitable income distribution. This book will be useful to NITI Commission, RBI, policy makers, Academicians/Researchers, besides post-Graduate students of economic and commerce. (jacket).…