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Nadella's Satya and a problem called stagflation
02:09 Min | January 14, 2020, 4:35 PM IST
Satya Nadella speaks up about the Citizenship Amendment Act, retail inflation rises to 7.35%, this and more in today's podcast
TranscriptScript: Deepshikha Rahi
Hosts: Deepshikha Rahi, Poorabi Gaekwad
Producer: Poorabi Gaekwad
A lot happened on the other side of the globe while most of us were sleeping.
Let me put that as other side of Window....pun intended. Hi I am Poorabi Gaekwad and I am Deepshikha Rahi. Welcome to the ET Daily Rundown.
So the anti-CAA protests got its biggest endorsement from Windows, also Microsoft boss Satya Nadella where he called the legislation, I quote, sad and just bad.
Now before this part of the world could react, Nadella issued another statement in a very pacifist tone, saying every country should protect its borders.
The statement is up there on the Microsoft website....
What do you think happened here?
Well it's difficult to interpret....but most likely he had business in his mind.
yes the fact that Jeff Bezos is scheduled to meet the PM and a $1 billion dollar enterprise market could be riding on his mind.
About CAA, Kerala has decided to the take the government to court over CAA.
The first state to do so, kerala had earlier this month passed a resolution demanding the repeal of the Citizenship Act.
Much of this comes after yesterday's inflation shocker
Retail inflation rose by 7.35% in December, the most since July 2014, driven largely by higher vegetable prices, and to some extent by an increase in phone tariffs.
To put the 7.35% number in context, India’s nominal GDP is expected to grow at 7.5% in 2019-20. This means nominal incomes can be expected to rise by 7.5%, which means most Indians are already feeling the pinch of the price rise.
Are we facing stagflation?
Stagflation happens when an economy faces stagnant growth as well as persistently high inflation...the worst of both worlds.
Should we worry?
Not so fast. India is still growing at 5% and is expected to grow faster in the coming years. Growth hasn’t yet stalled or declined. So..its kind of okay for now.
Okay for now but not okay for later. That'll be all from us. For more news, views and cues log on to the economictimes.com