Modi can do more to stem inflation; Report
04/09/2014 16:43
According to a report in media agency Reuters, results from a poll conducted by Today’s Chanakya, showed that many Indians expressed disappointment over the new government’s efforts to rein in persistently high inflation problem, the major constraint to growth in Asia’s third biggest economy.
The survey showed that nearly 50 per cent of respondents reckoned that the BJP leader and his new government, which has completed 100 days in power, should have done more to stem high inflationary pressures.
The poll showed that over two-thirds of those surveyed believed that government measures to rein in inflation have remained unchanged or weakened over the past three months.
Consumer inflation remains near the 8 per cent mark driven by high prices of food items, forcing the RBI to keep a tight monetary policy, inhibiting investment and consumption in the economy.
The Indian economy returned to above 5 per cent growth, expanding by 5.7 per cent in the April-June quarter of FY 2014-15 from the same period a year ago, up from an annual 4.6 per cent growth in Q4 FY 2013-14.
The poll showed that 41 percent of the respondents said that the economy is back on track, while 34 per cent said that economic uncertainty prevailed.
04/09/2014 16:43
According to a report in media agency Reuters, results from a poll conducted by Today’s Chanakya, showed that many Indians expressed disappointment over the new government’s efforts to rein in persistently high inflation problem, the major constraint to growth in Asia’s third biggest economy.
The survey showed that nearly 50 per cent of respondents reckoned that the BJP leader and his new government, which has completed 100 days in power, should have done more to stem high inflationary pressures.
The poll showed that over two-thirds of those surveyed believed that government measures to rein in inflation have remained unchanged or weakened over the past three months.
Consumer inflation remains near the 8 per cent mark driven by high prices of food items, forcing the RBI to keep a tight monetary policy, inhibiting investment and consumption in the economy.
The Indian economy returned to above 5 per cent growth, expanding by 5.7 per cent in the April-June quarter of FY 2014-15 from the same period a year ago, up from an annual 4.6 per cent growth in Q4 FY 2013-14.
The poll showed that 41 percent of the respondents said that the economy is back on track, while 34 per cent said that economic uncertainty prevailed.
