Types of Inflation — Mains Questions

Analyze the different types of inflation and their relevance to the Indian economy. How should monetary and fiscal policies be calibrated to address each type effectively?

Examine the challenges posed by cost-push inflation in the Indian context. Evaluate the effectiveness of various policy instruments in addressing supply-side price pressures.

Critically analyze India's experience with stagflation and evaluate the policy responses adopted during such episodes. What lessons can be drawn for future macroeconomic management?