Economic Perspectives

Ruling dilemma

Print edition : January 10, 2014

RBI Governor Raghuram Rajan says inflation is no more restricted to food items but is quite widespread in distribution and visible in both manufacturing and services. Photo: Ashok Bhaumik/PTI

A vegetable market in Mumbai. The government’s effort to curtail expenditure is resulting in a sharp cutback in welfare expenditures directed at the poorest at a time when inflation is already imposing huge burdens on them. Photo: Rajanish Kakade/AP

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