Wholesale inflation at a two-year low won’t be much relief for policymakers. The systemically more important retail inflation, at 6.44%, was still higher than RBI’s upper comfort limit. Govt and RBI have to quickly get India out of this high inflation, low growth phase—the worst combination for an economy.
Govt, RBI must get India out of high inflation, low growth phase—the worst for an economy
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ThePrint Team