date:Sep 06, 2015
ernor Raghuram Rajan flagged as a crucial part of his long-term fight to control prices. Instilling expectations of lower prices among the population would help contain wage demands and allow interest rates to fall at a faster pace.
Years of 9-per-cent-plus price growth have left their mark on Indians, Rajan said last month.
Households expectations of where inflation will be in a year hit more than 10 percent in June from as low as 8.9 per cent in December, according to a central bank survey p