The relationship between public expenditure and inflation in India
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The relationship between public expenditure and inflation in India
The relationship between public expenditure and inflation in India is a complex and multifaceted issue that has been the subject of much debate among economists and policymakers. In general, there is a consensus that public expenditure can have an impact on inflation in the short run, but its effects on the long-run inflation rate are less clear.
Public expenditure refers to the money spent by the government on various goods and services such as infrastructure, education, healthcare, defense, and subsidies. In India, public expenditure has been increasing over the years, driven by the need to address social and economic challenges, such as poverty, inequality, and underdevelopment. However, this has also led to concerns about the impact of public expenditure on inflation.
In the short run, an increase in public expenditure can lead to an increase in demand for goods and services, which can put upward pressure on prices. This is because the increase in public expenditure leads to more money in the hands of individuals and businesses, which can lead to an increase in consumption and investment. This, in turn, can lead to an increase in demand for goods and services, which can lead to higher prices.
Moreover, public expenditure can also lead to inflationary pressures through its impact on the money supply. When the government spends money, it injects new money into the economy, which can increase the money supply. This can lead to an increase in aggregate demand, which can lead to higher prices.
However, the impact of public expenditure on inflation in the long run is less clear. Some economists argue that public expenditure can lead to higher productivity and economic growth, which can help to lower inflation in the long run. For example, spending on infrastructure can lead to improved transportation, communication, and energy networks, which can help to reduce production costs and increase productivity. Similarly, spending on education and healthcare can lead to a more skilled and healthy workforce, which can also help to boost productivity.
Moreover, some economists argue that public expenditure can have a crowding-out effect on private investment, which can help to limit its impact on inflation. This is because when the government spends more money, it may lead to higher interest rates, which can discourage private investment. This, in turn, can limit the increase in aggregate demand and inflationary pressures.
In India, the relationship between public expenditure and inflation has been the subject of much debate and research. According to some studies, there is evidence of a short-run relationship between public expenditure and inflation, with an increase in public expenditure leading to an increase in inflation in the short run. However, the long-run impact of public expenditure on inflation is less clear, and it depends on a range of factors, including the quality of public expenditure, its composition, and its impact on productivity and private investment.
In recent years, the government of India has adopted various measures to manage the impact of public expenditure on inflation. These include measures such as fiscal consolidation, monetary policy tightening, and structural reforms to improve productivity and reduce production costs. Moreover, the government has also focused on increasing the quality of public expenditure, by improving public service delivery and reducing leakages and corruption.
In conclusion, the relationship between public expenditure and inflation in India is complex and multifaceted. While there is evidence of a short-run relationship between public expenditure and inflation, the long-run impact is less clear and depends on a range of factors. In managing the impact of public expenditure on inflation, it is important for policymakers to adopt a balanced approach that takes into account the need for public investment in social and economic development, while also managing inflationary pressures through measures such as fiscal consolidation, monetary policy, and structural reforms.
The relationship between public expenditure and inflation in India
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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