Inflation dynamics in India: A structural view
The recent unprecedented global inflation has focussed attention on the supply side inflation dynamics. The Indian inflation episodes, however, have been largely associated with supply shortages and, on average, remained elevated through the last four decades, with different policy phases generatin...
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Associazione Economia civile
2025-01-01
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Series: | PSL Quarterly Review |
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Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18448 |
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author | Ramgopal Kundurthi Siva Reddy Kalluru |
author_facet | Ramgopal Kundurthi Siva Reddy Kalluru |
author_sort | Ramgopal Kundurthi |
collection | DOAJ |
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The recent unprecedented global inflation has focussed attention on the supply side inflation dynamics. The Indian inflation episodes, however, have been largely associated with supply shortages and, on average, remained elevated through the last four decades, with different policy phases generating, at best, mixed results. This paper explores the Indian inflation dynamics through a structural paradigm, analysing factors such as sectoral growth imbalances and administered prices. The structural factors are observed to explain a significant part of the inflation, thus suggesting the need for government action on logistics management in the short term and structural reforms in the long run.
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format | Article |
id | doaj-art-12cd41c870354baf83d291c531d1bbd8 |
institution | Kabale University |
issn | 2037-3635 2037-3643 |
language | English |
publishDate | 2025-01-01 |
publisher | Associazione Economia civile |
record_format | Article |
series | PSL Quarterly Review |
spelling | doaj-art-12cd41c870354baf83d291c531d1bbd82025-02-02T12:06:57ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432025-01-017731110.13133/2037-3643/18448Inflation dynamics in India: A structural viewRamgopal Kundurthi0Siva Reddy Kalluru1Research Scholar, Gokhale Institute of Politics and EconomicsFaculty, Gokhale Institute of Politics and Economics The recent unprecedented global inflation has focussed attention on the supply side inflation dynamics. The Indian inflation episodes, however, have been largely associated with supply shortages and, on average, remained elevated through the last four decades, with different policy phases generating, at best, mixed results. This paper explores the Indian inflation dynamics through a structural paradigm, analysing factors such as sectoral growth imbalances and administered prices. The structural factors are observed to explain a significant part of the inflation, thus suggesting the need for government action on logistics management in the short term and structural reforms in the long run. https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18448Monetary PolicyInflationSectoral ImbalancesAdministered PricesMSPCPI |
spellingShingle | Ramgopal Kundurthi Siva Reddy Kalluru Inflation dynamics in India: A structural view PSL Quarterly Review Monetary Policy Inflation Sectoral Imbalances Administered Prices MSP CPI |
title | Inflation dynamics in India: A structural view |
title_full | Inflation dynamics in India: A structural view |
title_fullStr | Inflation dynamics in India: A structural view |
title_full_unstemmed | Inflation dynamics in India: A structural view |
title_short | Inflation dynamics in India: A structural view |
title_sort | inflation dynamics in india a structural view |
topic | Monetary Policy Inflation Sectoral Imbalances Administered Prices MSP CPI |
url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18448 |
work_keys_str_mv | AT ramgopalkundurthi inflationdynamicsinindiaastructuralview AT sivareddykalluru inflationdynamicsinindiaastructuralview |