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Abstract
This research paper studied the empirical existence of the Phillips curve in the Indian context. The estimation of the Phillips curve is based on two variables i.e. unemployment and inflation Rate. Empirical evidence was obtained from the annual data collected from various sources. The present research paper was based on secondary data for the period of 2009-10 to 2018-19. Empirical results are obtained by using the statistical tools such as averages, percentages, trend lines and correlation coefficient. The experimental result shows that there is a negative relationship between unemployment and inflation and thus confirmed the existence of Phillips curve in the Indian Economy.