New Delhi, Aug 19 : India's economy faces increased risks of stagflation, which may slow down the effectiveness of monetary and fiscal measures adopted by the central bank and government, Acuite Ratings said.
The economic trend of stagflation is marked by rising inflation and falling GDP growth.
The ratings agency said that the uncertain outlook on inflation in the short-term has already led the Reserve Bank of India's Monetary Policy Committee (MPC) to hold the interest rates in August and has also diminished the likelihood of any further rate cut in the near term.
In a report, Acuite said that immediate steps need to be taken to bring down food inflation, 'the higher levels of which have already started to spill over to core inflation'.
London: Democracy in India is a global public good and a central anchor for the planet and if that cracks, it is going to cause a problem for the planet, Congress leader Rahul Gandhi has warned as he attacked the NDA government, asserting that there are two different designs of governance at play in India, one that stifles voices and the other that listens.
Over 200 kgs of heroin worth ₹1,526 crore was recovered by the Officers of the Directorate of Revenue Intelligence (DRI) and Indian Coast Guard (ICG) on Friday in an unusual mid-sea drug bust off the coast of Lakshadweep Islands.
No Internet connection