Why is inflation high in India?
Inflation in India is primarily driven by the demand-supply gap in the economy.
Factors such as rising global commodity prices, supply chain bottlenecks, and a weak rupee against the US dollar also contribute to higher inflation.
In addition, India’s high population growth rate leads to higher demand for goods and services, which in turn drives up prices.
Finally, the government’s fiscal deficit and borrowing to fund infrastructure projects also contribute to inflationary pressures.
Comments
Post a Comment
"Welcome to Blogify, where we help you take your blog to the next level! We're thrilled to have you here and hope you find our content informative and inspiring. We welcome your comments and feedback, and encourage you to share your thoughts and ideas with us. Whether you have a question, suggestion, or just want to say hello, we value your input and appreciate your participation in our community. So please feel free to leave a comment and let us know what you think. Thank you for being a part of the Blogify community!"