State Of The Economy: 'Stagflation' Worries? скачать в хорошем качестве

State Of The Economy: 'Stagflation' Worries?

Retail inflation in December 2019 rose by 7.35 per cent, the most since July 2014. It's driven mostly by higher prices of vegetables. Analysts believe this poses not just a big economic challenge to the government led by Prime Minister Narendra Modi, but also a political one. Vegetable prices have gone up by 60 per cent since a year ago. Now, is the rise in inflation a transitory phase? Or there is more to worry about? The GDP growth has already been projected to come down this financial year to 5 per cent; it was 6.8 per cent last year. So when one combines high prices with slow growth, it leads to what Dr Manmohan Singh warned about - stagflation. The big fear is that since the inflation numbers exceed the comfort level that the central bank has, of 4 per cent ( plus or mins 2 percentage points), then it will probably not cut interest rates to boost economic growth. In turn, that could dampen economic sentiment further. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Subscribe for more videos: https://www.youtube.com/user/ndtv?sub... Like us on Facebook:   / ndtv   Follow us on Twitter:   / ndtv   Download the NDTV Apps: http://www.ndtv.com/page/apps Watch more videos: http://www.ndtv.com/video?yt