Phillips Curve Unemployment And Inflation In Context Of Indian Economy
The present research study reveals the existence of the Phillips curve approach in the Indian economy context. To illustrate the Phillips curve researchers have considered two variables viz... Unemployment Rates and Inflation Rates in the context Indian Economy.
Secondary information was obtained from the annual data collected from various sources. The study was based on secondary data for the decade from 2009-10 to 2018-19.
Results were obtained by using the statistical tests such as Averages, Percentage methods, Trend analysis, Correlation Coefficient etc.
The results interpret that there is an inverse relationship between Unemployment and Inflation in the Indian Economy Context.
Thus it is confirmed from the research study that there is existence of Phillips Curve in the Indian Economy.