Main Article Content

Abstract

 


This research study revisits the empirical existence of the Phillips curve in the Indian context. To estimate the Phillips curve we have considered two variables i.e. Unemployment Rate and Inflation Rate.  Empirical evidences are obtained from the annual data collected from various sources. The research study was based on secondary data for the period of 2009-10 to 2018-19. Empirical results are obtained by using the statistical test i.e. Average, Percentage method, Trend line Correlation Coefficient. The experimental result shows there is an inverse relationship between Unemployment and Inflation in Indian Context. Thus it is confirmed the existence of Phillips curve in the Indian Economy.

Article Details