Interest rate

 Just a randon thought. In Oct 2020, headline inflation surged to 7.6%, primarily due to food which has increased to 11.1%. Even CPI excluding vegetables rose to 6.4%. Core inflation rose to 5.5% Y-O-Y. On positive side, IIP grew by 0.2% in Sep 20 (Mining which has weight of 14.4% grew by 14.4% and electricity with a weight of 8% grew by 4.9% which manufacturing which has weight of 77.6% declined marginally by 0.6%).

Compare the inflation number with yield on 10 year Gsec (6%)  and 91 day t-bills (3.17%) which means that money invested in safest securities will yield negative return. But you have to factor in the fact that economy is expected to degrow by 8%-9% in the current fiscal year and hence on nominal basis, the yield should have been negative territory (inflation plus GDP real growth). From that perspective, return on government securities are much better. 

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