Inflation trinity

Inflation has raged unabated for the past five years — it started to decline earlier this year but picked up again in March. While there are many unanswered questions, it is clear that a simplistic inflation-targeting approach — a euphemism for stabilisation first and growth later — which is favoured by the IMF, has failed and will not work in India. We need a more comprehensive approach that will revive growth and lower inflation simultaneously.

Read Full Story>>