Knowledge@Australian School of Business - Video Interviews

Boom Time in India: Wrestling the Inflation Monster


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India's 15-year-long economic boom has enthralled the world. Lately

speculation over bubbles and a bust has arisen as the Indian government
struggles to keep a lid on inflation. Warnings have also come from the
Organisation of Economic Co-operation and Development about risks from
over-regulation in India. Kaushik Basu, a professor of economics at
Cornell University in the US and the chief economic advisor to the
Indian Ministry of Finance, has joined the debate about opening sectors
of the Indian economy, in particular, retail. Basu admits he's also
spent a disproportionate amount of time wrestling "the inflation
monster", but he's doubtless that India's growth is an ongoing story.

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