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

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Grams Econweekly Editor Krishna Raj Associate Editor Rajani X Desai Assistant Editor M S Prabhakar Editorial Staff K Vijayakumar, A A Dalvi Manager J K Thakker Advertisement Manager R Venkiteswaran ONE can already detect a sense of complacency in official attitudes to the price situation. There is really little to justify this complacency, except perhaps the fact that the tempo of the upward movement of the government's wholesale price index has slackened somewhat in the last few weeks. During the two months between August 18 and October 20, the index rose by only 2 per cent and between September 22 and October 20, the rise was just 0.2 per cent. On the strength of this supposed slackening of inflationary pressures, as indicated by the wholesale price index, spokemen for industry have launched a campaign for securing relaxation of the credit policy measures taken to contain inflation. It is being argued by them that if such relaxation is not made, industry faces a threat of demand recession.

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