Reuters Mumbai discovers BRIC country policy makers need to get aggressive

Looking beyond typical measures of inflation in India, Reutesr in Mumbai discovered that policymakers in the BRIC country will have to get more aggressive in coming months to battle increasingly entrenched price pressures. In a MARKET SIGNALS story on July 22, Reuters created charts based on India’s widening trade gap, rising credit-to-deposit ratio and climbing reserve money to show that contrary to policymakers’ pronouncements, inflation does not look like it will be tamed any time soon.