View: India has people. It needs consumers

Despite consumer prices rising more than the central bank’s 4% target for the first time since mid-2018, the new consensus is that the economy is deflation-bound. That’s the reason most observers are shrugging off the October inflation rate as any kind of a speed limit on the central bank’s rate cuts.

from Economy-News-Economic Times https://ift.tt/33VFc2k
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