The so- called growth inflation dynamics is a reflection of our policy maker's sensitiveness to corporate sector concerns. The same RBI had no qualms about endorsing an interest rate of 26 per cent for micro finance institutions ( MFIs). The gensis of this growth- inflation dilemma may be traced to the accommodative monetary policy pursued by the Reserve Bank of India ( RBI) beginning September 2008. This policy, as the RBI.......
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