Inflation in India

“The most immediate concern at present is inflation,” says Rajesh Chakrabarti, a professor of finance at the Hyderabad-based Indian School of Business. “There is no denying that inflation has gone up much more than what the government would have wanted. In recent years, the government has been very specific in saying that it wants to contain inflation to less than 5%, and now it has gone to 7%. Common man in the street would feel lot more than 7%. Everything is getting more expensive in India. Food, rentals, real estate, toys, even water. Inflation estimates by Economists generally don’t reflect…

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