Indian Economy Inflation Part 1

GS III  •  

Atul Jain


Inflation is defined as a sustained increase in the prices of goods and services in a country. Under inflation, the price rise is not too fast. with a rising inflation, the quantity of goods that can be bought in say Rs.100 will keep on decreasing. When prices rise, and alternatively when the value of money falls, we have inflation.

You might also like: