Chambers concerned about possible stagflation Mitra

  • | Tuesday | 14th January, 2020

Kolkata: Bengal Finance minister Amit Mitra on Tuesday said chambers in the state were concerned about the possible stagflation in India due to low growth and high inflation. Referring to the ongoing vegetable inflation in India, he said the country's GDP was slipping at a time when neighbouring Bangladesh was moving ahead. Stagflation is an undesirable phenomenon which has persistently high inflation with high unemployment and stagnancy in demand. As per data, Mitra said, India's GDP growth rate is likely to be 4.6 per cent for the current financial year. The current 5 per cent growth rate is a major cause of concern for the chambers, the minister stated.

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Kolkata Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles