A Curious study on inflAtion unCertAinty in indiA Meenakshi Sharma*, Anil Kumar Mittal** Abstract “Necessity is the mother of inflation.” The prevalence of coronavirus disease 2019 pandemic has posed the issue of huge inflation and economic depression all around the world. The ability to sustain economic growth and progress towards the direction of Atmanirbhar Bharat requires a combination of rapid growth, long-term stability and also a check on inflation. The Atmanirbhar Bharat has its centre of gravity focused on the economic growth of the country. There are various pillars of Atmanirbhar Bharat, such as economy, infrastructure, system, demography and demand. Inflation is one of the crucial issue that creates uncertainty in the market and makes it difficult for businesses to move forward. The main objective of the present study is to understand the role of inflation in successful accomplishments of the targets of the Atmanirbhar Bharat mission. This paper also analyses the recent scenario of inflation in India and its impact. As per the study findings, the lives of the middle and lower classes are severely impacted by inflation. Finally, it concludes that massive, successful and long-term government actions are required to control inflation. New employment policies have prevented or reduced inflation in the global economy, which has a good effect on people’s quality of life all over the world. Keywords Inflation, Atmanirbhar Bharat, Measures, Indian Economy INTRODUCTION Economic growth and stability are necessary for long-term economic growth. Uncertainty in the market makes it difficult for businesses to move forward. Paying extra for things is a result of inflation. Non-essential goods, such as cigarettes and other tobacco products, will also experience an increase in price. Inflation is a term used to describe the rising cost of goods and services over time. Inflation is the rate at which the cost of goods and services increases. For example, if the price of something this year is Rs.50 and it is expected to be around Rs.54 next year, the inflation rate is 4%. (80 × 1.04 = 83.2) = 83.2 if inflation is 4% for an entire year. It is becoming increasingly difficult to save money because of rising rents and the rising cost of everyday necessities. To put it bluntly, inflation benefits just a small number of people, specifically hoarders and investors. Inflation benefits fewer people while making more people poorer. In order for businesses to transact and flourish, some economists argue that a small amount of inflation is beneficial. Many research firms had forecast that the growth rate would decline. It’s like a shot in the arm for the service classes. The rise in the cost of essential goods outweighs any wage increase they may have received. However, the cost of essential things should always be lower than that of non-essential or luxury items. Atmanirbhar Bharat’s goal of self-sufficiency encourages individual independence in everyone so that the economy, which had declined due to the coronavirus disease 2019 pandemic, can be revived with the help of all residents. The resurgence of the economy from its lockdown-haunted state has been Atmanirbhar Bharat’s primary concern. This mission involves all areas of endeavour and provides the community with new venues and chances by reviving zeal and hope in the midst of despair. All that is required for the Aatmnirbhar Bharat Abhiyan is the correct execution of strategies and enacted legislation. Industrialisation in technical, medical and scientific domains is intimately tied to this objective. The goal is to support local products, give them preference and ensure that they keep their price and quality. The nation sincerely plans to achieve its objective of reaching a gross domestic product (GDP) of $5 trillion in the coming years through the Atmanirbhar strategy. The two main growth drivers anticipated are projected to be an increase in domestic demand and foreign investment. The Indian government has invited various companies to set up manufacturing facilities there, which will undoubtedly strengthen the nation’s economy and create jobs. LITERATURE REVIEW The different studies examining the role of inflation in achieving the target of economic growth and the association between inflation and sustainability in the economy have yielded diverse results. Malla (1997) used the panel technique on the data set of 11 Organization for Economic Co-operation * Assistant Professor, PIET NCR College, Samalkha, Panipat, Haryana, India. Email: mskuk901806@gmail.com ** Professor, University School of Management Kurukshetra University, Kurukshetra, Haryana, India. Email: mittal_anil_kuk@yahoo.com International Journal of Business Ethics in Developing Economies 12 (1) 2023, 19-25 http://publishingindia.com/ijbede/