Seventh pay commission and inflation in India: An exploration Kumari Jyoti1, Junior Research Fellow (UGC), Prakash Ram2,*, Junior Research Fellow (UGC) 1 Department of Business, Finance and Economics, FCMS, Jai Narain Vyas University, Jodhpur, Rajasthan, India 2Department of Management Studies, FCMS, Jai Narain Vyas University, Jodhpur, Rajasthan, India *Corresponding author email id: ram.prakash101@yahoo.com
Abstract The foremost intention of our government is to achieve economic growth and development by maintaining economic stability. This research paper attempts to provide some facts about the Seventh Pay Commission regarding the revision of pension and salaries of government employees for controlling the income gap and inflation. In the present scenario, our country is facing the problem of inflationary pressure and to overcome this problem our government is emphasizing on the introduction of the Seventh Pay Commission; as a regular practice, it widens the scope for researchers. However, whether the introduction of the Seventh Pay Commission is the only solution to overcome this chronic problem? In this view, this research paper focuses on the various effects of inflation, past pay commissions, challenges ahead in front of the Seventh Pay Commission, and suggests some remedies to deal with this chronic problem. Top Keywords Seventh Pay Commission, Inflation, Government Employees, Indian Economy. Top |