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Double-digit food inflation, growth contraction; it's getting worse

Updated : February 13, 2020 07:07 AM IST

Food is the culprit, but it's not onions this time. There is big protein inflation. Pulses, milk, meat and eggs all of them are between 10-16 percent. And these are not one-off they, normally stay once the prices start rising.
The Reserve Bank of India has tried to work around the monetary policy and provided lower lending rates in the banking industry. But that cannot go on for long.

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