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India#39;s overall macroeconomic situation on recovery mode but facing stagflation: Kaushik Basu

India#39;s overall macroeconomic situation on recovery mode but facing stagflation: Kaushik Basu .Amid the rising inflationary trends, including the sharp increase in retail inflation last month, Basu, who has also served as Chief Economic Advisor to the Indian government during the UPA rule, said the country is facing stagflation and "very carefully curated policy interventions" are required to address the situation

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