An Economic Analysis on Historic Inflation Rate in India

P Karthikeyan

Assistant Professor, School of Management Studies, Kongu Engineering College, Erode, Tamil Nadu, India

M Manikandan

Assistant Professor, Department of Economics, Sri Vasavi College, Erode, Tamil Nadu, India

Peer Review Report

Received Date


Accepted Date


Published Date



Accepted Level

Reviewer’s Comments to Authors

Major Comments

  1. In abstract part there is a word ‘There were some years the annual inflation rate reached at maximum 40%....’ when the point of maximum is known exactly the year which that particular annual inflation rate reached maximum 40% can also be mentioned.
  2. Lots of statistical information has been given in the study where the notes of reference in number or as footnote can be given for easy reference purpose.
  3. In ‘research gap’ the author has mentioned that there is no research work on inflationary process of India has been done over the period of 77 years. But there are good numbers of reviews there for inflationary process of/by India. Author is advised to go through some official secondary sources for reviewing such information. If it is firsthand information the author has to prove some records that this is first time research work done ever last 77 years.
  4. Source of the figure given and figure number/reference name (wpi) should be given clearly.
  5. There is no table of 1.2. but the author has mentioned table 1.2 as reference. It is strongly advised to the author should clear such incomplete point of difference.
  6. And the study period is 1950-2017 but the figures, charts contain only data till 2016. So the author is recommended to give proper year of the study/period of the study in the paper.
  7. None of the tables, charts and figures given in the paper indicates about the sources where the particular information has drawn. It is important to add such source of information in detail.
  8. There is no information on data collection, period of study, techniques used for collecting the data, footnote and findings for the study. The author should focus on the above mentioned parts which are mainly needed for a research study.

Minor Comments

  1. Suggestions for the government and economists are not given in the paper as mentioned in the abstract of the study (These study major aims support the Government and economists should generate better policies for the control the inflation). Author is advised to add some effective suggestions which derived out of major findings of the study.
  2. There is no information on the research methodology used for the study. Researcher should concentrate on this part and give the methodology of selecting this particular topic
  3. There is no information on the review of related literatures. If this study is first hand study the researcher should produce valid proof or can include the reference details on the study.
  4. There was no mention of the limitations of the study, one of which is the apparently high dropout rate.
  5. Introduction part of the study is not fulfilling its part. Detailed introduction regarding the title can be given.
  6. Researcher can be highlight the research gap and pave the way for future research.
  7. Unnecessary wordings should be avoided.
  8. Too many information has given randomly which is not particularly meet out the need for the study. The author should eliminate some data which is not relevant to the study.
  9. Non-frequency of the contents is there which are to be given more concentrate for valuable research study.
  10. For every reference there should be a footnote in the relevant pages.