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Is 6% The Right Inflation Rate For India After All?
Bringing inflation down below 6% towards 4% may lead to an 80 basis points decline in long term growth rates, says a study.
29 May 2021, 07:04 PM IST
For years, India has debated what the right level of inflation for the economy is. Is it the 5% informal objective pursued by the RBI for many years? Is it 2-6%, the range set for India’s flexible inflation? Or is it 4%, the mid-point of that range?A new research paper suggests that 6% may be the ideal level of inflation for India, adding that any attempt to bring it below that point comes at a significant cost to growth.“For macroec...
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