What India needs is consumer demand and now
(WorldNews India)

A long-held belief of analysts in India is that the economy is supply-constrained. Demand isn´t even worth a footnote, while a temporary squeeze in the onion market deserves obsession because it could be inflationary. It´s increasingly obvious that this view is outdated. In October, inflation quickened more than expected to 4.62 per cent because of, yes, an onion shortage. Yet core inflation, which strips out volatile commodity prices, slumped to 3.4 per cent, the lowest since the current price series began in 2012. One explanation is that people have less money to spend on other things after buying vegetables. Yet, as Mark Williams, chief Asia economist at Capital Economics puts it, a 1.1...