The Inflation Horse has bolted...Take over the reins !
The Inflation Horse has bolted...Take over the reins ! Ganga Prasad Rao gprasadrao.blogspot.com Inflation has been the cry baby of Indian politics. The more attention it receives, the more entrenched it becomes in the economy. And for good reasons. Does a cat ever turn its back to butter s'mores? Or a politician to another term? So, and despite the long delay post which Inflation-indexed bonds, IIBs, have seen the light of day, why would we expect FIIs and our domestic financial entities to shy away from systemic loot that inflation still is? Little surprise, then, that inflation has galloped away at a double digit decadal average. But while 12% inflation was deemed tolerable without the IIBs, 10% inflation is not with them around. Is that why, and anticipating a turnaround in the economy, the inflation-lovers have changed strategy, and rather than seek inflationary gains against the IIB tides, chosen to turn the control over to the victims - us voting citizens? Read the papers lat...