Relationship between inflation and unemployment in India: An analytical study (2010-2019)

Abstract

Inflation has been long the common man’s concern about economy. In every day social life and conservation inflation is commonly used index for the price hike of the commodities. Because inflation is the economic parameter associated with the hike of the price, it affects the society and social concerns both. Unemployment is another major issue of person’s social life in the present time. Problem of unemployment in India has been increasing continuously. The objectives were study on unemployment rate and inflation rate in India and examine relationship between unemployment and inflation in Indian economy. The present paper used secondary data in period from 2010 to 2019.