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India Economist/Strategist

Ashutosh Datar

Macroeconomics

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<p>One of the consequences of the sharp fall in inflation in India between 2013-2017 was the rise in rural distress due to sharp fall in Agriculture price inflation. The rural distress has already manifested itself in demands for farm loan waivers and street-level protests. Periods of sharp slowdown in Agriculture price reflect higher supply growth and thus the demand-supply mismatch will take a couple of years to adjust. In this context, the uptick in inflation, driven by non-Agriculture factors…</p>
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One of the consequences of the sharp fall in inflation in India between 2013-2017 was the rise in rural distress due to sharp fall in Agriculture price inflation. The rural distress has already manifested itself in demands for farm loan waivers and street-level protests. Periods of sharp slowdown in Agriculture price reflect higher supply growth and thus the demand-supply mismatch will take a couple of years to adjust. In this context, the uptick in inflation, driven by non-Agriculture factors…


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