Stagflation Subject – Economy Context – Dr Amit Mitra, a seasoned economist-turned-politician and Principal Chief Advisor (Cabinet rank) to the Chief Minister and Finance Department, Government of West Bengal, feels that “there is no readymade formula to tackle stagflation which is policy-induced Concept – It is a seemingly contradictory condition described by slow […]

    Stagflation Subject – Economy Context – Premature tightening may lead to stagflation: RBI report Concept – The Reserve Bank of India (RBI) has cautioned that premature tightening of the monetary policy could bring about the stagflation — slow growth and high level of unemployment and inflation — that “all fear, quashing growth just […]