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Monday, December 23, 2024 | 05:32 PM ISTEN Hindi

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How the Congress was served a free hit and it missed the ball completely

The free hit opportunity is inflation because retail inflation is in its third consecutive month above the RBI's upper comfort limit of 6%.

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T C A Srinivasa-Raghavan
The Congress has become adept at either missing opportunities or making a hash of them or both. In T20 terms it was recently served a free hit and it missed the ball completely.

The free hit opportunity is inflation because retail inflation is in its third consecutive month above the RBI’s upper comfort limit of 6%. Going by the RBI’s own prediction in its latest Monetary Policy Committee meeting, the April-June quarter is likely to see inflation just as high.

Add to this the fact that the coronavirus (Covid-19) pandemic has meant that income growth has largely become zero, if
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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