This needs to be expanded further to cover more areas so as to ultimately facilitate construction of an All-India HPI. Sixth, there is a need for compilation of employment statistics, though this is not clearly in the purview of the Reserve Bank of India. However, from the perspective of monetary policy assessment the need for data on employment and wages cannot be ignored.
And as we know, these pressures can have personal and social costs. But there are very large benefits – we need to stay competitive for the long-term welfare of the people of the euro area. What does the word competitiveness mean to economists?