There is a huge Global price rise. How do you justify that? A global price rise would surely have its effects in India. The price of Oil has gone up from early 80s to 117 USD a barrel, which is putting a heavy load on the exchequre, the crops are getting destroyed in unseasonal rains and droughts. With US market sinking, net earning through exports are going down also the service sector is taking a hit. Price rise is not as simple as it appears to be.
