Lower- prices...

I liked his  ...Arvind Subarmaniam's... idea of boosting public-expenditure when monetary-policy is concentrating on lower prices and interest rates... this is the right way of running the government and central-bank “...,for the people,...” lower prices are always a relief... because when you try to showcase yourself by trying to push growth-rates to increase you investment score, you stoke both, inflation and no doubt income too, but the pace (of inflation and income) may or may not be constant to keep the value of money (at least) constant to keep demand and growth rate intact, or actually pushing them higher... For this objective both, the government and the central-bank, needs data... this is now a must for good and credible solutions, and faster data for quick decisions... So there could be a mismatch between the government’s decision and that of the RBI... So, therefore, the whole point ( i think) is that the government should run the government “again”... “for the people” and the RBI should (now ) { i think}  should try to increase the value of money... so the consumers  demand more and producers supply more... Lower prices are good as far as income does not go down... And we have evidences supporting this line of thought... falling-prices and nominal downward wage rigidity... helpful for growth-rates....