Q.
According to C Rangarajan former RBI governor Indian economy faces stagflation ----a state of high inflation and poor growth. Any comments?
Asked by Good Citizen,
13 Mar 11:06 am
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Answers (7)
1.
He is right. In the last 3-4 yrs the growth rate has come down from 8 to 5.2. Inflation has also been high during this period. For the first time inflation had come down slightly, but food inflation is still high. The reason for decreasing growth and high inflation can be attributed to policy paralysis on the economic front, rampant corruption (the 2G case in which some foreign firms bought licence from govt, their licences were cancelled by supreme court has led to loss of confidence by foreign firms) and huge amount of wasteful expenditure mainly on pro-poor schemes (146 in total) like NREGA mainly suggested by a non-democratic and non-constitutional body of socialistic body called National Advisory Council (NAC) headed by Sonia Gandhi.
Answered by Manoj Adwani, 13 Mar 02:00 pm
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4.
Arre bhai, C R is an expert in the field, and what comments can a common man like me give ?
Answered by rajnikant raiyarela, 13 Mar 11:23 am
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5.
Who cares for growth rate when half of Indians can not find even proper hygenic foods ? you should rather raise question on reality of the growth
Answered by MIKE, 13 Mar 11:09 am
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