Volcker says surging inflation in India worrying

India's surging inflation was a matter of concern but the Reserve Bank's monetary response to the issue was on track, renowned economist Paul Volcker said on Sunday 18 February.

As a former central banker, "I always worry about inflation and it has to be kept under check", said the former chairman of the US Federal Reserve, adding the RBI was dealing with the issue.

He did not subscribe to the Keynesian theory that a small dose of inflation had a multiplier effect on growth. On the contrary, i

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