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RE:Superb RBI measures
by bayareago on Dec 11, 2007 04:57 AM

RBI and Finane ministry created so much inflation. Look at property values( and other commodities) 3 years ago and now, it just skyrocketed. It cheaper to buy property in USA/CANADA than India ( with pollution, lack of infrastructure, over population, corruption etc ). Only IT people and people earning over 6 laksh/annum can live in this inflation. Think of engineers,govt employees, clerks etc. who earn less salary than IT.

Another rate cut will increase inflation more.

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Indian economy to be hit hard, if. . .