the growht-inflation trade-off

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As a fast growing trasition market demand and supply are likely to be in a state of flux, as also qulibria points. In india may have some peculatiies, but there is a lot of work which shows that the economy is not an exception and that beyond a certain growth rate, unless the economic structure changes the risk of inflation breaking outrises sharply. This is unaccpetable not only for its direct ill effect, but also for its distortion of market