In reality, this success probably distracted central banks from confronting the hard questions about the buildup of financial risks that led to the global crisis. 4 It’s a stern reminder that we must resist confirmation bias and complacency. If the Bank’s history teaches anything, it’s that we must always be ready to consider questions that challenge our old answers. How do we do that?
On the supply side, the State Governments have an important role to play in strengthening infrastructure and enhancing productivity, particularly in agriculture. Consumer price inflation in Goa, measured by consumer price index for industrial workers (CPI-IW), was low and almost the same as the national average in the first half of the 2000s.