Praxeology: My Reflexions on India

In recent budget finance minister Arun Jaitley announced a new monetary policy measure called Inflation Targeting (see here ). This is what the measure in specifics is, "the apex bank adopt the new Consumer Price Index (CPI) as the measure of the nominal anchor for monetary policy. And that the RBI set the target CPI inflation level at 4 per cent (+/- 2 per cent) to be achieved through its monetary policy tools." So, what is this inflation targeting? Is it good for the Indian public and the economy at large? Or is it just another tool of fleecing off the (sheep) public? I answer these questions in my new economic analysis below.  

The much awaited budget of Modi government came and gone. In my latest economic report, instead of focusing on specifics of this budget,  I analyze the fundamental ideological issues that are driving the actions of the present government in this budget and other policies. Instead of focusing on specifics, it is important to concentrate on these underlying ideologies which is going to affect the future of billions of people in India.