The Political Business Economy...

Increase spending (public) to 10%.... which could increase inflation to 10 (set limit or target price) and growth, but increase production or supply where INDIA is weak especially, food and fuel, it could save money...

Be populist, not capitalist, lower inflation for everybody.......,

It would reduce prices and borrowing cost the economywide, slowly in time... we have evidences from the West...

THE REVERSE MONETARY POLICY....

Lower borrowing cost could increase supply and lower the price level...

The Classicals knew it...

The knife edge is an old problem due to irrational expectations without full information from data... whenever prices go above ten percent increase interest rates... slowly the economy would get used to it...

It would help form rational expectations about income and savings and debt...

The government has missed the oppourtunity to store more or create a reserve capacity, too... ask, THE US... it ‘no's no political business economy... dependent on paid advisors...

It is (actually) taking no (actual) risk to create demand after disruptions... means more spending to increase employment and production... bound by the internal and central bank (politics)...

All of INDIAS' woes are due to low investment and production, when prices were decades low, higher borrowing cost deterred risk taking and more and cheap investment...

Core CPI only explains how far the demand has strengthened, except food and fuel... but, in INDIA most inflation comes only in food and fuel only... in the US, fuel...

Lower fuel prices were a time to boost demand and growth, especially through the monetary policy; however food has also come down due to better supply of food, which lacked...

In INDIA very few have education on market or knowledge about the market,...  The interest rate rates could be cut in the expectation of the (better) supply side management...

Lower borrowing cost had helped more investment and production... especially in the country... however, US has increased oil production...

It also increases the transport cost inflation... GST might lower tax cost and increase supply, thereby lowering inflation and inflation expectations...