International Research Journal of Education and Technology

This article explores the intricate relationship between inflation and economic growth in India since 1951. Over the decades, India's economy has undergone significant transformations, shifting from an agrarian-based economy to a more diversified and industrialized structure. The study examines the trends, causes, and consequences of inflation and its impact on economic growth across different phases of India's development. It delves into policy interventions, the role of monetary and fiscal policies, and the external factors influencing these dynamics. The findings highlight that while moderate inflation has often been associated with economic growth, periods of high inflation have posed challenges, leading to policy shifts and structural reforms. The analysis underscores the importance of maintaining a delicate balance between inflation control and growth promotion for sustained economic progress.

Key Points: Inflation, Economic Growth, Monetary and Fiscal Policy