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RE:Prices of Products in India
by Kalyan on Feb 13, 2007 10:26 AM

nice analysis! and unfortunately, what u said is very much true! We Indians are paying the same international prices for products that are manufactures locally, and those that are imported. The only difference between both is that the ones that are imported have an "import duty", while the ones manufactures/developed here have "excise tax local taxes sales taxes education cess etc etc"... these all combined make up for more than 75% of the costs...! add to this the hoarding of commodities by various mediators!

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How inflation hitss your wallet