ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI- The Impossible Package

NEW DELHI The Impossible Package B M RAJ Krishna, Member, Planning Commission, seems to have earned a lot of criticism for his public warning that, unless proper steps are immediately taken, the much-vaunted price stability will soon yield to an inflationary spiral. His critics even argue that such a statement by a responsible member of the Planning Commission may actually induce a market psychology which traders would be only too glad to exploit. Such a criticism is indeed naive, because the Indian trader is very sensi vely tuned to market trends and would of faster than would any structured official machinery or expert.

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