Wednesday, March 13, 2013

Economy Facing Stagflation: Rangarajan

.......“It is pertinent to note that stagflationary tendencies have already reared their head in emerging markets, like India, where financial intermediation was never a problem,” Rangarajan says in a paper titled Growth or Austerity: The Policy Dilemma’ co-authored with Alok Sheel. The assessment brings to fore the monetary policy challenges for RBI, which is facing demands for lower interest rates despite strong inflationary expectations.............

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