Interest Rate Hike Could Cause More Unemployment
The RBI has followed the now globally discredited economic dogma that the only way to tackle high inflation is to hike interest rates and reduce money-supply.
The RBI has followed the now globally discredited economic dogma that the only way to tackle high inflation is to hike interest rates and reduce money-supply. This could make India's economic recovery even more difficult and further increase our terrible employment situation.
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