Microcredit, subsequently, developed into microfinance and then, into the concept of building entire financial systems for the poor, focusing on inclusive growth. Microfinance services, both by SHG model as well as the retail lending model, have been contributing to this agenda.
The measure of breakeven inflation compensation based on Treasury Inflation-Protected Securities (TIPS) suggests that the recent inflation data have not disturbed longer-run inflation expectations. Indeed, since the April consumer price index data were released, TIPS-based breakeven inflation compensation for the next five years, as well as those for the five-year, five-year-forward, have moved down, not up.