Inflation cheer

Policymakers couldn't have had it better. Economic impulses in India’s economy are exhibiting signs of strength even as inflation has been under the Reserve Bank of India’s (RBI) 2% lower threshold for three months out of four; government data issued on Wednesday showed it dipped to a record-low of 0.25% from a year earlier in October.

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Though such low inflation can be suggestive of weak demand, that isn’t the case right now. This dip is driven, in part, by a high statistical base. As this normalizes, inflation will rebound, although it is still seen staying at comfortable levels. That s