Rahul-flation: Why RBI is failing with rate hikes

Why is inflation refusing to lie down and play dead when the Reserve Bank has trained all its guns on it? Why is a government headed by an economist, and who is further surrounded by even more first-rate economists not able to do anything more than wring its hands in despair about inflation?

September 19, 2011 / 15:40 IST

Why is inflation refusing to lie down and play dead when the Reserve Bank has trained all its guns on it? Why is a government headed by an economist, and who is further surrounded by even more first-rate economists (Kaushik Basu, C Rangarajan, and Montek Singh Ahluwalia), not able to do anything more than wring its hands in despair about inflation?

The answer, in one line, is simple. India

first published: Sep 19, 2011 01:56 pm

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