I am still not aware with Golbalaisation and how does it effect cost in India. Example Steel: India produces a lot of Iron ore but imports a lot of Coal and metcoke(one prime raw material for Steel manufacturing) though the indian miner living conditions are not improving as their wages have not improved, how does the prices of SAIL and Tata increases having their own captive mines. India steel on Exworks basis is costliest than the European Steel manufacturers, intrestingly Indian labor is one thenth of the European labor cost. Same goes for Cement industry. If the global prices fo food are increasing why do our farmers commit suside for the lack of funds to sustain their own living. When India's GDP has grown by 9% and goverment kitty has increased by more than 30% in terms of taxes collection still we dont see any much developments. What hapens to the production of private players like Reliance and Essar, why does not Indiann government buy from them. With the social fabric like india where we have more of poor people than rich a capatilist economy is dangerous, why the Indian government cannot force indian companies to keep indian input/output cost terms for companies manufacturing in India. Why do Reliance Energy cost goes-up when the supply from the source has not increased its cost. Why? The present government is fooling all of us, the corporate people are also milking us like anything as there is no one to control them. India will pay a huge price for this
