What should be the agenda for the great leap from India 1.0 to India 2.0? Undoubtedly, economic stability is a sine qua non. An economy can’t sustain the same speed if it has headwinds in the form of high inflation, weak currency and high debt burden and hence high interest rates. In a way, all of these are related and reinforce each other. Economists will say managing the impossible trinity – keeping inflation under control, lowering interest rates and stabilising the currency – isn’t an easy task. But a decisive government and a determined RBI has to prove that their prudent macro-management passes the litmus test. A report by Team INCLUSION
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