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How Inflation pinches yur wallet
by Rajasekaran on Feb 17, 2007 06:36 PM

In our country (India)input costs go up not only by increase in material cost but also due to low productivity. We produce less per capita. To put it more clearly, any worker, blue collared or white collared wants to work as less as possible and get paid as much as he could get. Also the industrialists want to produce as little as possible, so that there will always be a demand and they can inflate the price as they like. We Indians work only for money, not for the pleasure of working, neither we consider work as a social responsibility. Till this feeling enters into our attitudes prices will go up and we will not be able to prosper.

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How inflation hitss your wallet