Publication
11 Jan 2011
Inflation continues to remain the biggest challenge for economic policy in India. This paper analyses various factors contributing to inflation. It argues that rapid growth of a cash economy fuelled by heavy liquidity and large cash transactions, particularly in property markets, are sustaining inflation. Under such circumstances, monetary policies are likely to be ineffective in curbing prices.
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English (PDF, 5 pages, 73 KB) |
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Author | S Narayan |
Series | ISAS Briefs |
Issue | 185 |
Publisher | Institute of South Asian Studies (ISAS) |
Copyright | © 2011 Institute of South Asian Studies (ISAS) |