SURGING FOOD PRICES: BUDGETARY EXPECTATIONS
- Credit Rating Agency in India
- Economy Overview
- SURGING FOOD PRICES: BUDGETARY EXPECTATIONS
Considered in a proper historical and comparative perspective, inflation management has largely been seen as a central banking function by controlling the aggregate money supply. But some important work in Public Finance demonstrated that balancing the Budget and reducing the budgetary deficit will have a wholesome effect on inflation.
Of late, the CPI inflationary spiral, particularly double-digit food inflation, has emerged as a major concern, particularly because of its damaging impact on fixed income groups, pensioners and persons at the “bottom of the pyramid”.