....In their paper, “Inflation threshold in India: An empirical investigation”, published by RBI, authors Deepak Mohanty, A.B. Chakraborty, Abhiman Das and Joice John concluded: “For WPI-inflation up to 5.5%, there is positive impact on growth, which is statistically significant. The relationship reverses when WPI inflation is beyond 5.5% and inflation effect on growth turns negative. This study provides evidence of a shift in regime indicating possible adverse impact of inflation on growth beyond 5.5% WPI inflation.”..........
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