Inflation | Causes of Inflation in India? Demand & Supply side issues THE ECONOMIC TALKS (Episode 1)
The Economics Talks organised by Department of Applied Economics, University of Lucknow under the Patronage of Hon'ble Vice Chancellor Prof. Alok Kumar Rai is a discussion series based on emerging and latest Economic issues at the country and Global level.
It is an initiative by the Head, Department of Applied Economics Prof. Archana Singh to boost up the existing knowledge of the students and economic enthusiasts and motivate them to come forward to contribute their ideas.
The Episode One was based on the Topic : "What causes Inflation in India? Demand side issues or Supply side issues". The session curator was Ms. Shrishti Tripathi. It had panelists for Demand Side which had Ms. Durgesh Singh, Mr. Anurag Saxena, Ms. Kalyani Upadhyaya and Supply Side had Ms. Ekta Yadav, Ms. Ananya Dixit and Ms. Anushka Gautam.
Exploring Inflation in India: Unraveling Demand and Supply-Side Factors
Description:
Welcome to our YouTube channel dedicated to unraveling the intricacies of economic phenomena! In this video, we delve into the concept of inflation in India, examining the underlying causes and the interplay between demand-side and supply-side factors.
Inflation, the sustained increase in the general price level of goods and services over time, is a critical economic indicator that affects consumers, businesses, and policymakers alike. Understanding the drivers of inflation is essential for comprehending the dynamics of the Indian economy and making informed decisions.
Join us as we explore the following key topics:
What is Inflation?: Gain a comprehensive understanding of inflation and its significance in the context of India's economic landscape. Explore different measures of inflation and their implications for monetary policy and economic stability.
Demand-Side Issues: Examine the role of demand-side factors, such as consumer spending, investment, and government policies, in driving inflationary pressures in India. Understand how factors like increased consumer demand, fiscal stimulus, and monetary expansion can contribute to inflationary trends.
Supply-Side Issues: Explore the impact of supply-side factors, including production constraints, supply chain disruptions, and input costs, on inflation dynamics in India. Analyze how supply shocks, such as adverse weather conditions, geopolitical events, and regulatory barriers, can influence price levels across different sectors of the economy.
Monetary Policy and Inflation Control: Learn about the role of monetary policy tools, including interest rates, reserve requirements, and open market operations, in managing inflationary pressures in India. Understand the objectives of the Reserve Bank of India (RBI) in maintaining price stability while promoting economic growth.
Structural Challenges: Examine structural challenges and inefficiencies in India's economy that contribute to inflationary pressures over the long term. Explore issues such as infrastructure bottlenecks, agricultural productivity, and regulatory reforms aimed at enhancing supply-side resilience and reducing inflationary risks.
Policy Implications and Outlook: Discuss policy implications and potential strategies for addressing inflationary challenges in India. Consider the trade-offs between inflation control, economic growth, and income distribution, and explore avenues for fostering sustainable and inclusive economic development.
Whether you're a student of economics, a policymaker grappling with inflationary pressures, or a concerned citizen seeking to understand economic trends, this video offers valuable insights into the complex dynamics of inflation in India.
Join us on this enlightening journey as we unravel the mysteries of inflation and explore pathways towards a more stable, resilient, and prosperous economic future.
Don't forget to subscribe to our channel for more in-depth analysis and discussions on economic topics, policy issues, and global trends. Let's embark on this enlightening exploration together!
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