Cover -- Contents -- Foreword -- Preface -- PART I: CAUSES OF INFLATION -- 1 Inflation Dynamics in India: What Can We Learn from Phillips Curves? -- 2 Reconsidering the Role of Food Prices in Inflation -- 3 Food Inflation in India -- 4 Understanding India's Food Inflation Through the Lens of Demand and Supply -- PART II: CONSEQUENCES OF INFLATION -- 5 Does Inflation Slow Long-Term Growth in India? -- 6 Inflation and Income Inequality in China and India: Is Food Inflation Different? -- 7 Transmission of India's Inflation to Neighboring Countries -- PART III: POLICIES TO AFFECT INFLATION -- 8 Monetary Policy Transmission in India -- 9 Food Inflation in India: What Role for Monetary Policy? -- 10 Inflation and Monetary Policy in Small Open Economies -- Contributors -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W.
High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country's domestic and external vulnerabilities. A number of factors underpin India's high inflation. This book analyzes various facets of Indian inflation-the causes, consequences, and policies being implemented to manage it. Several chapters are devoted to analyzing and managing food inflation, given its significance in driving overall inflation dynamics in India.