Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

According to C Rangarajan former RBI governor Indian economy faces stagflation ----a state of high inflation and poor growth. Any comments?

Tags: money, rbi, indian economy
Asked by Good Citizen, 13 Mar '13 11:06 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

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 '13 02:00 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Poor governance lead to such situation.
Answered by Quest, 13 Mar '13 01:17 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Very simple comment mr rangarajan is right
Answered by iqbal seth, 13 Mar '13 12:29 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
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 '13 11:23 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
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 '13 11:09 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Wo kya hota hai.
Answered by rk, 13 Mar '13 11:07 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
7.

Sab congress ki den hai
Answered by arun mishra, 13 Mar '13 11:07 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining