With food outputs already down and fuel prices going up, the market is very unsettled and the the threat of hunger is at its highest. Three experts weigh in on the whys and hows.
anti-national,economic management,India inflation,inflation,inflation India,oil rates,policy rate,Raghuram Rajan,raghuram rajan inflation,rbi policy rates,RBI rates,RBI repo rate,repo rate,Reserve Bank of India
Bureaucrats and politicians should not see the measure as benefitting foreign investors but instead as an investment "whose greatest beneficiary is the Indian citizen", the former RBI governor said.
While the prices of petrol and diesel have been hiked by around Rs 10 per litre each by oil marketing companies in the past one month, the rates of vegetables and several other food items have gone through the roof.