https://www.taxtmi.com/news?id=4623 Persistent high inflation in 2010-12 remained despite a negative output gap because of interacting external and domestic supply shocks, currency depreciation, rising global commodity prices, stagnant agricultural productivity, structural changes in food demand, higher wages, fiscal expansion and strengthened inflationary expectations. Policy response must combine calibrated monetary action to anchor expectations with fiscal consolidation and structural supply-side reforms - including food security measures, market related energy pricing, expanded electricity generation, improved supply chains, exchange rate management and deeper financial markets - to restore durable price stability. en-us Fri, 01 Feb 2013 10:47:19 +0530 Fri, 01 Feb 2013 10:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4623 Persistent high inflation in 2010-12 remained despite a negative output gap because of interacting external and domestic supply shocks, currency depreciation, rising global commodity prices, stagnant agricultural productivity, structural changes in food demand, higher wages, fiscal expansion and strengthened inflationary expectations. Policy response must combine calibrated monetary action to anchor expectations with fiscal consolidation and structural supply-side reforms - including food security measures, market related energy pricing, expanded electricity generation, improved supply chains, exchange rate management and deeper financial markets - to restore durable price stability. News - Fri, 01 Feb 2013 10:47:19 +0530 https://www.taxtmi.com/news?id=4623