" ... which in turn, will cause inflation and soaring of prices of gold and other assets." Whether they do that or not, it is not likely to cause much inflatio

" ... which in turn, will cause inflation and soaring of prices of gold and other assets." Whether they do that or not, it is not likely to cause much inflation. Funding for the scheme is meant to be taken from other, existing, programs, so the total stimulus is zero or near zero. Even if it does boost the price of some luxury items, and I am skeptical that will do so to any significant degree, that would simply reduce the consumption of said luxuries. Also, you aren't going to buy much gold with 7k p.a..