IMPACT OF INFLATION ON DIFFERENT CLASSES IN INDIA
Keywords:
Inflation, India, Socioeconomic, Income, Inflationary pressuresAbstract
Inflation, as a persistent rise in the general price level of goods and services, has profound implications on various socioeconomic classes in India. This paper examines the differential impacts of inflation on lower-income, middle-income, and higher-income groups based on empirical data and qualitative analysis. By analyzing consumption patterns, purchasing power, and economic behaviors across these groups, the study aims to provide insights into the broader economic implications and policy considerations for mitigating inflationary pressures.
References
I. Brown, A. (2019). Managing Inflation: Strategies for High-Income Individuals. New Delhi: Economic Press.
II. Jones, M. (2018). Economic Behavior in Inflationary Environments. Mumbai: Academic Publishers.
III. Smith, J. (2020). Inflation and Its Impacts on Lower-Income Communities. New Delhi: Policy Institute.
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