Tag Archives: Inflation

How to Increase Farmers’ Income?

Farmers in India have resumed their protest against the Modi government after Modi failed to fulfill the promises he made to them two years ago. Farmers are feeling betrayed by Modi. They started their agitation two years ago when the Modi government introduced two farm bills with the intent of a corporate takeover of the […]

Why is the Price of Tomato Rising in India and What to Do About It?

After the Portuguese introduced the otherwise unassuming fruit called tomato to India, Indian cuisine became dependent on it. You take any Indian recipe and tomato will be an integral part of it. Indians are the second largest producers of tomato in the world. In the past month or so the prices of tomato across India […]

Modi Government Pretends to Fight Inflation

Recently RBI released the inflation numbers and they don’t look good for the Modi government which is getting ready for elections in 2024. Retail inflation hit a high of 7.8 percent in April while wholesale inflation crossed 15% mark. This high level of price inflation coupled with so many other economic, social, religious etc., issues […]

On the Relationship of Inflation with Jobs, Equitable Wealth Distribution and Economic Growth

India’s Finance Minister Nirmala Sitharaman at the US-India Business Council’s India Ideas Summit said, Instead of inflation, red-lettered priorities for the country would of course be jobs, equitable wealth distribution and making sure India is moving on the path of growth.  In this essay I am going to discuss the relationship of inflation with jobs, […]

Does Inflation Have a Good Side?

Some old fallacies never die no matter how hard we try to expose them. The fallacious notion of the virtues of inflation among some of the mainstream economists and media pundits is one such fallacy. Such fallacies are the result of a total misunderstanding of how an economy works. Mainstream economists and pundits, who rely […]