SONIA GOT THE IDEA TO PLAY ROBIN HOOD AND GIVE MONEY TO THE POOR AS SHE WANTED "INCLUSIVE GROWTH"
Money was doled out to the poor in schemes like NREGA , Direct cash transfers and Farm loan waivers this led to them spending that money on food etc which led to high inflation .
RBI Saw high inflation as a risk and started inreasing interst rates .
The Interest rates were increased so fast and so high that it destroyed the growth in the econmomy .
So now we are left with low growth and high inflation and a
huge rural population NOT willing TO WORK AND LOOKING FOR FREEBEES FROM THE SYSTEM
SONIA GOT THE IDEA TO PLAY ROBIN HOOD AND GIVE MONEY TO THE POOR AS SHE WANTED "INCLUSIVE GROWTH"
Money was doled out to the poor in schemes like NREGA , Direct cash transfers and Farm loan waivers this led to them spending that money on food etc which led to high inflation .
RBI Saw high inflation as a risk and started inreasing interst rates .
The Interest rates were increased so fast and so high that it destroyed the growth in the econmomy .
So now we are left with low growth and high inflation and a
huge rural population NOT willing TO WORK AND LOOKING FOR FREEBEES FROM THE SYSTEM
