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More Money in the hands of middle class
by Arvind Kumar Singh on Jun 09, 2008 09:33 AM

I am bit surprised that people are blaming Govt that they have not taken care of middle class/poor people. But the fact is inflation is more of a economic reason and govt can not have full control on this. Definitely oil price is one reason for inflation in India but it is not the only reason. One more reason for inflation is that more money has come into the hands of majority of Indians. In general purchasing power of Indians have increase. If you do not agree compare your current situation with your childhood days. Inflation is rising because demand has increased due to better purchasing power but still there is not much improvement in supply of products especially when it comes to food products.

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The above message is part of the Discussion Board:
Where is the money going?