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Inflation will still rise
by Vikas Vadgama on Jul 24, 2007 12:32 PM   Permalink

As we see more & more corruption coming in bureaucracy, inflation is never going to cool down. We normally criticise bureaucrats for being corrupt and just say, "Hume kya" and we forget about it. But the businessmen who are giving huge bribes to these Govt. Depts. for every small job are not devtas. They are passing on everything whether legal (taxes) or illegal (bribes) to the consumer and that's why we see inflation never cooling down. Even the figures which Govt. show in the range of 4% to 6%, who knows whether these figures are manipulated. I had ones read public reviews in DNA newspaper regarding inflation and most people agreed that inflation might well be more than 15%. Just try remembering your bare minimum household expenditure (forget about lifestyle & EMIs) say 3 years back and today, you will be surprised. It's all because of our PC, not Personal Computer, but P. Chidambaram. The more aggressive he becomes in removing black money from the market (though politicians are the ones with largest chunks of black money that is a separate thing) the more these bureaucrats & capitalists are becoming aggresive to earn it. End of it all, it's always middleclass (whether US, India or any other country) who suffers because of money games of the bigwigs.

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Why are prices not dropping?