India and it's Inflation

 

The past years have seen inflation as one of the major issues faced by the common man. The rising prices of basic amenities have created furore among the people. Rising rates of food items and fuel have affected the pockets of the middle class so much, bringing them out on the roads in protest. The government has not been able to fulfill any of the promises made before coming in power, which were all forgotten later, leaving the people to suffer the brunt of inflation.

There is an essential need to bring inflation under control, and bring basic amenities at affordable prices for all. When will this economic divide be erased, is a question no government has been able to answer as yet.


There is no tradeoff between inflation and growth.
High inflation damages growth. 

One element of India's growth crisis is India's inflation crisis.

It is important to think carefully about the accountability of the central bank. RBI is not in charge of India's welfare. RBI is in charge of India's fiat money. The one thing that RBI should be held accountable for is delivering low and stable inflation, i.e. for holding CPI-IW inflation within the 4 to 5 per cent range.

Low and stable inflation is an essential ingredient of the foundations of high economic growth in India. RBI can lay that platform. They can do no more. If they try to reach into other objectives, they damage this core.

Comments

  1. Unknown11 October 2020 at 18:51

    Very informative

    ReplyDelete
  2. Thought of Self-Influence11 October 2020 at 22:06

    Informative

    ReplyDelete
  3. Aditi11 October 2020 at 22:19

    informative

    ReplyDelete
  4. Aayush20 October 2020 at 21:55

    We have entered in the stage of stagflation.

    ReplyDelete
  5. Aditya25 October 2020 at 16:18

    👌

    ReplyDelete
  6. Unknown25 October 2020 at 16:31

    Inlation is curse for retired and also lower strata of society .Needs attention of policy makers

    ReplyDelete
  7. Mq25 October 2020 at 16:56

    Marked. Well put.

    ReplyDelete
  8. Sachin Chaudhary25 October 2020 at 17:36

    Informative

    ReplyDelete
  9. arjun25 October 2020 at 19:24

    Very well put. Good work on putting the blog👍🏻

    ReplyDelete
  10. Salil Rana26 October 2020 at 02:57

    Very well written.

    ReplyDelete
  11. Tanvi Vasishta26 October 2020 at 10:28

    Informational post!

    ReplyDelete
  12. Stuti Jain26 October 2020 at 21:39

    Well written

    ReplyDelete
  13. Unknown26 October 2020 at 23:40

    informative

    ReplyDelete
  14. Esha27 October 2020 at 01:11

    Very informative

    ReplyDelete
  15. SAKSHAM TYAGI27 October 2020 at 16:24

    informative

    ReplyDelete
  16. Unknown27 October 2020 at 18:07

    Good piece of work..

    Considering to book a room at Amity Hostel?- Read this post on LifeAtAmity about Hostel Life at Amity

    Post Link - https://amitystories.blogspot.com/2020/10/the-most-memorable-phase-of-college.html

    Do read, comment, share and revisit.

    ReplyDelete
  17. Abhi27 October 2020 at 23:46

    Learnt new things .

    ReplyDelete
  18. Unknown27 October 2020 at 23:53

    Informative.. well done

    ReplyDelete

Post a Comment

Popular posts from this blog

Caste System

Image
  The caste system in India has its roots in ancient India. Just as the ashrama dharma laid down rules and duties with reference to the individual’s life in the world, varna or caste system prescribed duties with reference to the particular caste to which an individual belonged. Earlier they were all regarded equal in social status and could take up any profession they liked. There was no restriction in the matter of eating food or marriage with members of other profession. But with the beginning of specializing in hereditary professions and coming in contact with the indigenous people situations changed and the birth of the person decided their caste. Hence the varna system that developed during that time was the outcome of the social and economic development. But as time passed, it led to the division of society into high-caste and low-caste people who could not mix with each other. Inter-caste dining or marriage was forbidden. People belonging to the so called lower castes we...
Read more

Problems of the Children

Image
  No country can progress unless it pays adequate attention to the development of children. A child is the future citizen of the country. Only those children who grow in a healthy atmosphere can contribute to the development and strength of their country. Our country has a large population of children. It is our duty to make sure that they are provided with the opportunities for good health and education. A large number of children, because of poverty, do not go to school or are withdrawn from schools before they complete their elementary education and are forced to start working at a young and tender age in factories, brick-klins, restaurants, hotels, shops etc. This hampers their growth physically, mentally, and emotionally. They grow with hatred and agony and fail to become worthy citizens of the nation. A child in the age group of 6-14 years is supposed to be in the school. But unfortunately, of the 200 million Indian children in this age group, about 11.3 million are labou...
Read more

Dowry System: A social stigma

Image
  “Any young man, who makes dowry a condition to marriage, discredits his education and his country and dishonours womanhood”— Mahatma Gandhi Dowry or Dahej, one of the deep-rooted social evils, is flourishing in our society at an unprecedented rate. There is no denying the fact that modern citizens condemn it, yet this practice varies according to the region, caste, and creed. Although it is difficult to determine the exact cause, here is a tentative list of responsible factors: • Greed Factor • Patriarchal Society • Religious Constraints • Constraints related to Caste/Creed • Lack of Formal Education • Conservative Thinking • Desire to flaunt Social Status • Low Status of Women • A False Sense of Prestige • Illiteracy & Ignorance • Lack of Knowledge about Anti-Dowry Laws From being a financial burden on a daughter’s family to wastage of money, this evil is silently claiming the lives of innocent married women. Dowry deaths are relatively higher in developing and underdev...
Read more