The growth-inflation conundrum - K Kanagasabapathy

......A counter-question one can pose is whether growth is not necessary to increase supplies of goods and services that, in turn, could provide relief to the poor. In this regard, a profound statement from H.R. Khan, RBI Deputy Governor, is worth noting. He has said that presently, in view of the continuance of low inflation and low or negative growth in the developed economies, policy measures, mainly in the form of liquidity enhancement and low interest rates, continue to focus on augmentation of growth.......

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