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Volume : III, Issue : VII, August - 2013 Post - Liberalization Price Hike In India Naglaxmi Narsingrao Tirmanwar DOI : 10.9780/22307850, Published By : Laxmi Book Publication Abstract : The post-liberalization price-hike in India is caused by various factors. The Indian inflation rate was high
in the first half of the nineties, due to imbalance of demand-supply, increased money supply, huge fiscal deficits, rise
in prices of petroleum products, hike in indirect taxes, wage-rates, salaries, low domestic production, import of
food-grains and other products. This inflation rate was low during the second half of the nineties due to reduction in
public investment and demand. It was stable during the Tenth Plan period i.e. 2002-07. But there is again hike in the
prices of primary commodities since 2007.
The recommendations for the control of post-liberalization price-hike in India are 1] The Reserve Bank of
India should combine monetary, fiscal and demand supply management measures. 2] Government should cut down
undue expenditure and subsidies. 3] Reserve Bank of India should focus on the control of CPI. 4] The PDS should be
used for the essentials. 5] The food security should be ensured through agricultural growth. Keywords : Article : Cite This Article : Naglaxmi Narsingrao Tirmanwar, (2013). Post - Liberalization Price Hike In India. Indian Streams Research Journal, Vol. III, Issue. VII, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/2727.pdf References : - Gaurav Datt & Ashwani Mahajan 'Indian Economy'. New Delhi: S. Chand, 2011
- H.L. Ahuja 'Economic Environment of Business'. New Delhi: S. Chand, Edition 2005
- K.K. Dewett 'Modern Economic Theory'. New Delhi: S. Chand, 2009
- U.C Gupta. 'Agricultural Finance in India'. New Delhi: Ashish Publication House, 1987 Government Publications:
- Government of India, Agricultural Outlook and Situation Analysis Reports
- Reserve Bank of India Bulletin Issues
- Planning Commission, 'Tenth Five Year Plan'
- Government of India, Economy Survey Issues
- Yojana, August 2010
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