Editorials, GS-3, Indian Economy, Uncategorized

The currency question

Livemint The recent agreement between the Government of India and the Reserve Bank of India to make inflation targeting the central bank’s prime focus has long way to go. This move represents an important structural shift in one of the two pillars of conventional macroeconomic policy (the other, of course, being fiscal policy). Background: Since… Continue reading The currency question

Editorials, GS-3, Indian Economy, Uncategorized

Retail inflation is overstated

Indian Express Context According to author, retail inflation in India is overestimated. We are losing credibility Prominent Western experts have stated that Indian GDP growth is overstated, and maybe by as much as 250 basis points for 2015-16. That is, instead of being 7.6 per cent, it “likely” to be close to 5 per cent.… Continue reading Retail inflation is overstated