- The Indian Express
Government support a must for the poor and MSMEs
Retail inflation in India has remained continuously above 6 per cent - the Reserve Bank of India's psychological upper limit, now three months in a row. The latest data points to a consumer price index of 6.95 per cent - a steep rise compared to the 6.01 per cent and 6.07 per cent witnessed in the first two months of the calendar year. Such aggregate data in itself is worrisome; it however fails to capture some of the more intricate aspects of the iniquitous impact of inflation on the poor, vulnerable sections of the society, besides the large, informal sector.