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: 150
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 151
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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 Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | US Inflation and India’s Economic Recovery -Prabhat Patnaik    </title>
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The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of..."/>
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The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of..." />
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                            <p style="text-align:justify">-NetworkIdeas.org</p><p style="text-align:justify">The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices had increased in November 2021 by 58 per cent, which was the highest for any month since 1980. The Indian finance ministry however blithely ignored this inflation in the US while making its fantastic claims about recovery, even though it must know that this is going to further damage the prospects of India&rsquo;s economic recovery as long as it remains trapped within a neoliberal regime.</p><p style="text-align:justify">The acceleration of inflation in the United States at a time when its economy still has not recovered from the mass unemployment which had been created during the pandemic may appear strange; during the pandemic, it may be remembered, 21 million people had lost their jobs, and large numbers among them still remain unemployed. Hence the reason for the acceleration in inflation lies not in the US economy suddenly becoming supply-constrained, but rather in a set of specific phenomena, consisting in the emergence of certain immediate supply-side bottlenecks, whose effects are magnified by speculation on one side and cost-push on the other. Overcoming these immediate bottlenecks will take some time, because of which this inflation may persist till the middle of 2022. But its emergence is going to cast a further shadow on India&rsquo;s economic recovery which is already threatened, as we saw last week (People&rsquo;s Democracy, December 6-12, Issue No: 50), by the persistently depressed levels of consumption of the Indian people.</p><p style="text-align:justify">Please <a href="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM" title="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM">click here</a> to read more.</p>                                                           
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The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of..."/>
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    <h1 class="cat-box-title">US Inflation and India’s Economic Recovery -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-NetworkIdeas.org</p><p style="text-align:justify">The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices had increased in November 2021 by 58 per cent, which was the highest for any month since 1980. The Indian finance ministry however blithely ignored this inflation in the US while making its fantastic claims about recovery, even though it must know that this is going to further damage the prospects of India&rsquo;s economic recovery as long as it remains trapped within a neoliberal regime.</p><p style="text-align:justify">The acceleration of inflation in the United States at a time when its economy still has not recovered from the mass unemployment which had been created during the pandemic may appear strange; during the pandemic, it may be remembered, 21 million people had lost their jobs, and large numbers among them still remain unemployed. Hence the reason for the acceleration in inflation lies not in the US economy suddenly becoming supply-constrained, but rather in a set of specific phenomena, consisting in the emergence of certain immediate supply-side bottlenecks, whose effects are magnified by speculation on one side and cost-push on the other. Overcoming these immediate bottlenecks will take some time, because of which this inflation may persist till the middle of 2022. But its emergence is going to cast a further shadow on India&rsquo;s economic recovery which is already threatened, as we saw last week (People&rsquo;s Democracy, December 6-12, Issue No: 50), by the persistently depressed levels of consumption of the Indian people.</p><p style="text-align:justify">Please <a href="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM" title="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | US Inflation and India’s Economic Recovery -Prabhat Patnaik    </title>
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The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of..."/>
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The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of..." />
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    <h1 class="cat-box-title">US Inflation and India’s Economic Recovery -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-NetworkIdeas.org</p><p style="text-align:justify">The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices had increased in November 2021 by 58 per cent, which was the highest for any month since 1980. The Indian finance ministry however blithely ignored this inflation in the US while making its fantastic claims about recovery, even though it must know that this is going to further damage the prospects of India&rsquo;s economic recovery as long as it remains trapped within a neoliberal regime.</p><p style="text-align:justify">The acceleration of inflation in the United States at a time when its economy still has not recovered from the mass unemployment which had been created during the pandemic may appear strange; during the pandemic, it may be remembered, 21 million people had lost their jobs, and large numbers among them still remain unemployed. Hence the reason for the acceleration in inflation lies not in the US economy suddenly becoming supply-constrained, but rather in a set of specific phenomena, consisting in the emergence of certain immediate supply-side bottlenecks, whose effects are magnified by speculation on one side and cost-push on the other. Overcoming these immediate bottlenecks will take some time, because of which this inflation may persist till the middle of 2022. But its emergence is going to cast a further shadow on India&rsquo;s economic recovery which is already threatened, as we saw last week (People&rsquo;s Democracy, December 6-12, Issue No: 50), by the persistently depressed levels of consumption of the Indian people.</p><p style="text-align:justify">Please <a href="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM" title="https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM">click here</a> to read more.</p>                                                           
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US Inflation and India’s Economic Recovery -Prabhat Patnaik

Published on Dec 20, 2021   Modified on Dec 23, 2021

-NetworkIdeas.org The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices had increased in November 2021 by 58 per cent, which was the highest for any month since 1980. The Indian finance ministry however blithely ignored this inflation in the US while making its fantastic claims about recovery, even though it must know that this is going to further damage the prospects of India’s economic recovery as long as it remains trapped within a neoliberal regime. The acceleration of inflation in the United States at a time when its economy still has not recovered from the mass unemployment which had been created during the pandemic may appear strange; during the pandemic, it may be remembered, 21 million people had lost their jobs, and large numbers among them still remain unemployed. Hence the reason for the acceleration in inflation lies not in the US economy suddenly becoming supply-constrained, but rather in a set of specific phenomena, consisting in the emergence of certain immediate supply-side bottlenecks, whose effects are magnified by speculation on one side and cost-push on the other. Overcoming these immediate bottlenecks will take some time, because of which this inflation may persist till the middle of 2022. But its emergence is going to cast a further shadow on India’s economic recovery which is already threatened, as we saw last week (People’s Democracy, December 6-12, Issue No: 50), by the persistently depressed levels of consumption of the Indian people. Please click here to read more.

NetworkIdeas.org, 20 December, 2021, https://www.networkideas.org/news-analysis/2021/12/us-inflation-and-indias-economic-recovery/?fbclid=IwAR2c-L7JtPBcJkviEG06zr-pGcYyRPm2mL6gHMDtvGcE5uprNFxp67mzqiM

Tagged with: Depreciation Export Import Inflation Ministry of Finance

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