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How competition reform can check inflation
Business Standard, September 22, 2011
Once again the Reserve Bank of India (RBI) has raised the interest rates, with several questioning the wisdom of the decision. Inflation has become the bugbear of our growth story, and in the recent past some of our econocrats have also suggested for lowering the growth rate to curb it. Competition reforms and the existence of an effective competition regime can help growth and curb inflation. More and effective competition can generate new innovations, which is a major driver of economic growth
