Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f47dc82cf75-trace').style.display = (document.getElementById('cakeErr67f47dc82cf75-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f47dc82cf75-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f47dc82cf75-code').style.display = (document.getElementById('cakeErr67f47dc82cf75-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f47dc82cf75-context').style.display = (document.getElementById('cakeErr67f47dc82cf75-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f47dc82cf75-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f47dc82cf75-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 40737, 'title' => 'Is the Indian economy staring at stagflation? -Prashanth Perumal J', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu<br /> <br /> <em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /> </em><br /> The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /> <br /> <em>* What is stagflation?<br /> </em><br /> Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 40737, 'metaTitle' => 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J', 'metaKeywords' => 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation', 'metaDesc' => ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. 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Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. 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Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high...' $disp = '<div align="justify">-The Hindu<br /><br /><em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J | Im4change.org</title> <meta name="description" content=" -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Is the Indian economy staring at stagflation? -Prashanth Perumal J</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu<br /><br /><em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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Can the government or the Reserve Bank of India do anything?<br /> </em><br /> The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /> <br /> <em>* What is stagflation?<br /> </em><br /> Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 40737, 'metaTitle' => 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J', 'metaKeywords' => 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation', 'metaDesc' => ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. 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Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 40737 $metaTitle = 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J' $metaKeywords = 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation' $metaDesc = ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high...' $disp = '<div align="justify">-The Hindu<br /><br /><em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J | Im4change.org</title> <meta name="description" content=" -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Is the Indian economy staring at stagflation? -Prashanth Perumal J</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu<br /><br /><em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 40737, 'metaTitle' => 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J', 'metaKeywords' => 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation', 'metaDesc' => ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Can the government or the Reserve Bank of India do anything?<br /> </em><br /> The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /> <br /> <em>* What is stagflation?<br /> </em><br /> Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 40737 $metaTitle = 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J' $metaKeywords = 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation' $metaDesc = ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high...' $disp = '<div align="justify">-The Hindu<br /><br /><em>Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI&rsquo;s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J | Im4change.org</title> <meta name="description" content=" -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Can the government or the Reserve Bank of India do anything?<br /></em><br />The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /> <br /> <em>* What is stagflation?<br /> </em><br /> Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 40737, 'metaTitle' => 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J', 'metaKeywords' => 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation', 'metaDesc' => ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. 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Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /> <br /> Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Hindu, 19 January, 2020, https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'is-the-indian-economy-staring-at-stagflation-prashanth-perumal-j-4688871', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688871, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 40737 $metaTitle = 'LATEST NEWS UPDATES | Is the Indian economy staring at stagflation? -Prashanth Perumal J' $metaKeywords = 'Inflation,Economic Growth,Stagnation,food prices,food inflation,Retail Inflation,Retail Food Inflation,Economic Slowdown,Core Inflation' $metaDesc = ' -The Hindu Why is the scenario of rising prices and falling growth a cause for worry? 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Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy.<br /><br /><em>* What is stagflation?<br /></em><br />Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true" title="https://www.thehindu.com/business/Economy/is-the-indian-economy-staring-at-stagflation/article30595793.ece?homepage=true">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Is the Indian economy staring at stagflation? -Prashanth Perumal J |
-The Hindu
Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the rise in the prices of vegetables such as onions. Still, the steady rise in wider inflation figures over the last few months amidst falling economic growth has led to fears of stagflation. Notably, former Prime Minister Manmohan Singh writing in The Hindu in November had warned about the imminent risk of stagflation facing the economy. * What is stagflation? Stagflation is an economic scenario where an economy faces both high inflation and low growth (and high unemployment) at the same time. The Indian economy has now faced six consecutive quarters of slowing growth since 2018. Economic growth in the second quarter ending September, the most recent quarter for which data is available, was just 4.5%. For the whole year, growth is expected to be around 5%. Most economists have blamed the slowdown on the lack of sufficient consumer demand for goods and services. In fact, insufficient demand was cited as the primary reason behind the low price inflation that was prevalent in the economy until recently. Subsequently, the government and many analysts prodded the Reserve Bank of India (RBI) to cut interest rates in order to boost demand. This led to significant friction between the government and the RBI that led to the exit of several top-ranking officials (including the RBI’s former Governor) from the central bank. Eventually, the RBI under Governor Shaktikanta Das obliged by cutting its benchmark interest rate, the repo rate, five times in 2019. Please click here to read more. |