IMPACT OF INFLATION ON THE COST OF LIVING IN INDIA

An economy may be categorized as developed or developing, but Inflation is something which is common in both the types. Inflation is a phenomenon which cannot be avoided and is therefore a universal problem faced by all economies. If stated in simple terms, inflation is nothing but a constant rise in the prices of goods and services due to certain factors. The article critically examines the impact of inflation on the cost of living in India. All aspects of inflation are discussed in the following article.