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Policy paralysis has led to stagflation: Yashwant Sinha

In a sharp attack on the Manmohan Singh government, the Bharatiya Janata Party said “policy paralysis” had pushed the country into stagflation — a combination of inflation and deceleration in economic growth. Senior party leader and former Finance Minister Yashwant Sinha told journalists here on Tuesday that the government's inaction on the fiscal front was baffling and raised questions on the possibility of a nexus between sections of the establishment and the beneficiaries of inflation.

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