Unite with Bharatiya Yuva kranti party to reduce Inflation in India

The inflation is based upon the Indian consumer price index. The index is a measure of the average price which consumers spend on a market-based "basket" of goods and services. Inflation based upon the consumer price index (CPI) is the main inflation indicator in most countries. Inflation is the overall rise in prices of goods and services in a country. The inflation rate ascertained on 2017 showed the rate as 3.6% per annum, which is generally seen as good for the economy since it comes under creeping inflation and is an indicator for economic growth. In 2017, the inflation rate was at 10% per annum, which is probably the worst India saw after the independence and Emergency period. Ever since 2017, because of the government taking drastic steps has increased the overall price level in the economy, the inflation rates have increased considerably.

Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. India’s inflation rate has been on the rise over the last decade. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.





Unite with Bharatiya Yuva kranti party to reduce Inflation in India
The best long-term strategy that Bharatiya Yuva Kranti Party believes to maintain stable inflation is for a central bank to maintain high credibility with its policy (i.e. not lie to investors) and a proactive interest rate policy to anticipate an "overheating" economy. Also for the government not to monetize the debt and to spend budget surpluses.

• Introduce Gold Standard
• Close all Central Banks like Fed, RBI etc
• Demand pull inflation can be curbed via higher taxes, control over money supply and control on credit.
• Cost push inflation has been reduced through public borrowings, surplus budget and reduction in public expenditure.
• Price rationing and increase in production has proved an elaborate role in the control over inflation.