Transfin.

Retail Inflation in India Rises to 7.35% in December

Retail inflation in India rises to 7.35% in December, breaching RBI's medium-term target of 4%.

 

INDIA

Retail inflation rises to 7.35% in December.

Out of Control: Retail inflation in India rose to 7.35% in December (breaching RBI's medium-term target of 4%) vs 5.54% in November and 2.11% in December 2018. Business Today

 

 

Once promising economies such as Mexico, Brazil, or Turkey could never break into the ranks of rich nations. Unfortunately, they fell into what economists call the “middle-income trap.” Coined in 2006 by World Bank economists Indermit Gill and Homi Kharas, the term refers to a sustained economic slowdown following a period of strong growth.

 

Is India, which began sprinting towards the goal of a high-income economy after economic liberalisation in the 90s, headed for such a trap? Read in full here.  

FIN.

Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.