India’s wholesale inflation rate has been declining since July this year but has remained in double digits since April 2021. Last month, the inflation rate was recorded at 12.41%, from 13.93% in July. Consistently high inflation leads to people deferring purchases, purchasing less, going in for reuse and recycling, or just switching to cheaper alternatives. The search for cheaper alternatives kicks up a storm — markets are flooded with cheap inferior goods or spurious and fake brands, giving a dream run to the parallel economy players. (Read More)
Did you check the recent updates in Issues-in-News?