For India's monetary chiefs, this is a Janet Yellen moment. The former Fed chair called the failure of US inflation to fire in the 2010s "a mystery." Today, anemic prices confront Mumbai. A big policy shift is warranted. My column explains
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What India Can Do About Its Low Inflation Problem
India’s economy, so often touted for potential to supplant China as a global engine, is having a hard time getting its arms around inflation. Not that it's too high, but because the pace of price incr...