Sheetal Khandre


Sheetal KhandreSheetal Khandre (PhD) Assistant Professor of Economics, Mahatma Gandhi Mission University, Aurangabad, Maharashtra, India. I formerly worked at Sinhagad Institute of Management, Pune, India. I have 6 years of teaching experience.

Papers Published in World Economics:

Is India a Low Risk of Stagflation?

In 2021/22 the world inflation rate increased by 2.7%, potentially due to the Russia–Ukraine war and the pandemic. According to the International Energy Agency, Russia’s oil exports might reduce by 2.5 million barrels per day under the existing sanctions, representing around 30% of its current exports and nearly 3% of the world supply (IEA, 2022). This situation has helped drive up the inflation rate and may be pushing the economy towards stagflation. In this article, I examine whether the Indian economy faces the problem of stagflation or high inflation. Time series data are used to evaluate stationarity and ARIMA models to forecast future values. This study proves that crude oil prices, exchange rates, unemployment, inflation and GDP are not stationary. The ARIMA model helps forecast future values to scrutinise the risk of stagflation.

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Inequality: A Problem for the Indian Economy

The economic slow-down and COVID-19 pandemic have highlighted India’s extreme crisis inequality. India is an unequal country: 84% of household sector income declined in 2021, at the same time that the number of billionaires went up from 102 to 142. According to the World Inequality Report, the income of the top 10% of the population is 20 times that of the bottom 50% and this group holds 64.6% of the wealth. In this research, I have used multiple inequality and poverty reports and methods to analyse the inequality in India. Furthermore, this research uses a regression analysis method to find correlations between inequality and other related factors directly affecting inequality. Moreover, the Gini coefficient (and Lorenz curve) is 0.710, showing high inequality, using different parameters to calculate inequality. Other parameters, such as the Palma, quintile and Kuznets ratios also show increasing inequality.

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