Madhumita Patil, Chief Executive Officer, Dr. M. V. Deshpande, Director, Chetana’s Institute of Management & Research (CMIR), other eminent dignitaries on the dais, guests, and distinguished faculty members, graduating students, relieved parents and family members: It is a great pleasure for me to deliver the convocation address today for the batch of 2011 at the Chetana’s Institute of Management & Research, which has evolved as a premier management Institute.
Inflation was thought of in terms of demand-driven processes that would move the economy along the curve, so that high levels of demand would produce a combination of high inflation and low unemployment, and low levels of demand the reverse.