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@article{187780,
        author = {Milan Khokhani and Shirin Poddar and Sahil Gadgil and Garvita Parashar},
        title = {Impact of global events on prices in India (2022-2025)},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {6},
        pages = {6587-6619},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=187780},
        abstract = {This research examines the impact of global events, particularly the Russia-Ukraine war, post-COVID economic recovery, oil market fluctuations, and supply chain disruptions, on prices in India from 2022 to 2025. Utilizing a mixed-methods approach, including analysis of a survey with 38 Indian respondents and secondary data from economic reports, the study reveals persistent inflationary pressures in early years, easing by 2025. Key findings indicate that while inflation peaked around 7% in 2022 due to elevated fuel and food costs, it moderated to approximately 2% by mid-2025, with food prices even declining. Survey data shows 76% of respondents noting significant fuel price increases and 63% for food, attributing these largely to post-COVID recovery (55%) and the Russia-Ukraine conflict (32%). Conclusions suggest India's economy demonstrated resilience through diversified imports and policy measures, though vulnerabilities in energy and agriculture persist, recommending enhanced domestic production and trade diversification for future stability.},
        keywords = {•	Evidence suggests global events like the Russia-Ukraine war contributed to initial price spikes in fuel and food, but impacts have lessened by 2025 as inflation trends downward. •	Post-COVID recovery appears to have played a larger role in sustained price pressures according to public perception, though official data highlights oil volatility as a key driver. •	While many Indians report lifestyle adjustments due to costs, economic indicators point to a balanced recovery, with debates on whether government interventions fully mitigated disruptions},
        month = {December},
        }