With the slowing GDP, the rising prices – the retail inflation rose to its highest since Modi came to power in 2014 of level of 7.35% in December – of various goods like onion, garlic, milk etc., is raising a specter of stagflation in India. Modi government is pushing RBI, which it owns, to lower […]
Tag Archives: Depression
28
Oct
Oct
Stock markets around the world are collapsing off late. The Indian stock market lost some 5000 points in one month time. The US stock market NASDAQ and S&P 500 erased all their 2018 gains. News headline in Reuters says the world markets are captured by the bears now. The so-called emerging market economies are slowing […]