Inflation and Employment Nexus in India: A Post-Pandemic Analysis (2020–2025)
Authors
St Dominic's College, Kanjirappally (India)
Article Information
DOI: 10.51244/IJRSI.2025.120800268
Subject Category: Economics
Volume/Issue: 12/9 | Page No: 2997-3003
Publication Timeline
Submitted: 2025-09-21
Accepted: 2025-09-27
Published: 2025-10-04
Abstract
The present study investigates the relationship between inflation and employment in India during the post-pandemic period (2020–2025). Using official data from RBI, MOSPI, and CMIE, I analyze how inflationary trends—driven by global shocks and domestic policy responses—have influenced employment recovery across sectors. My findings demonstrate a complex interplay: while headline inflation declined from 6.7% in 2022 to 2.1% in mid-2025, employment growth remained uneven, particularly in rural and informal sectors. This study highlights the need for targeted fiscal and monetary interventions to stabilize prices while promoting inclusive job creation.
Keywords
Unemployment Rate, Phillips Curve, Inflation , Labour Market ,Economic Recovery, CPI
Downloads
References
1. Dholakia, R. H. (2019). Inflation targeting in India. Economic and Political Weekly. [Google Scholar] [Crossref]
2. Mehta, S. (2024). Revisiting the Phillips Curve in India: 1991–2022. Journal of Economic Studies. [Google Scholar] [Crossref]
3. Patra, M. D., Behera, H., & John, J. (2021). Is the Phillips Curve in India dead, inert and stirring to life or alive and well? RBI Bulletin, November, 63-75. https://rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=20629 (Reserve Bank of India) [Google Scholar] [Crossref]
4. Dronagiri, P. (2025). Revisiting the Phillips Curve: a comparative analysis of inflation and unemployment dynamics in India and USA (2014-2023). International Journal of Future Management Research, 7(4), Article 53448. https://doi.org/10.36948/ijfmr.2025.v07i04.53448 (IJFMR) [Google Scholar] [Crossref]
5. Ministry of Statistics and Programme Implementation (MOSPI). (2020-2025). Consumer Price Index data. Government of India. Retrieved from https://mospi.gov.in/ (or relevant MOSPI URL) [Google Scholar] [Crossref]
6. Centre for Monitoring Indian Economy (CMIE). (2020-2025). Unemployment and labor force data. Retrieved from https://www.cmie.com/ [Google Scholar] [Crossref]
7. National Sample Survey Office (NSSO). (2020-2025). Periodic Labour Force Surveys. Government of India. Retrieved from http://mospi.nic.in/ or NSSO portal [Google Scholar] [Crossref]
8. Press Information Bureau (PIB). (2020-2025). Index of Industrial Production reports. Government of India. Retrieved from https://pib.gov.in/ [Google Scholar] [Crossref]
Metrics
Views & Downloads
Similar Articles
- Impact of Foreign Direct Investment in India
- Issues Involved in Digitalisation Special Reference to Indian Tourism Growth
- Relationship Marketing and Customer Loyalty in the Fast-Moving Consumer Goods (FMCG) Industry in Nairobi County
- Financial Literacy or Financial Inclusion? Which is Which, What is What—To Achieve Uganda’s 10-Fold Economic Growth By 2040
- Harnessing Natural Gas for Economic Transformation: Overcoming the Regulatory and Infrastructural Bottlenecks in Nigeria