Evaluation of Impact of Inflation on Socio-Economic Condition Status of Households of Raipur District
Inflation has been a major concern not just for India but also other major economics like the US and UK. It is widely acknowledged that the Indian economy has strengthened since new policy positions were implemented in 1991. As per the estimate of World Bank (2016), about 270 million Indian people are still below the International Poverty Line (IPL) with an income less than $1.9 a day, revised poverty line. As par the calculation of the World Bank (2015), half of the world’s poor lived in five countries, including India.
As the study population, there were an overall total of 700 participants in the current study. Data were recorded in excel and through using correct statistical techniques, the obtained data was analyzed.
The proportion of the study participants who are over 40 years old is higher among men than women, indicating that a greater percentage of the latter group is younger than the former. Regrettably, the literacy rates are slightly higher in Raipur, Abhanpur, and Tilda than in Dharsiva and Aarang because the proportion of illiterate people is lower in the former than in the latter, while it is the opposite for people with a degree or higher education. The majority majority of individuals identify as OBC members, who are then followed in decreasing percentage order by SC, ST, and Open members of society. As a result, the percent of Open and OBC participants is larger among females than it is among males, whereas the number of SC and ST participants is higher among males.
The socioeconomic traits of the sample respondents, who were chosen at random from four different parts of Raipur City, were examined by the study. Their representations of various sociological traits include varying levels of age, education, religion, community and area.