The way Govt. is bribing the public due to forthcoming elections-loan waiver,hike in salaries,incentives etc.,etc., and Indian public turning towards consumer market at eureopean style, inflation is bound to happen. No control of population-decrease in food production, due to weak doller, trade balance is negative, increase in taxes,freight,petrol etc.,etc., are adding fuel into fire.
RE:Inflation
by Neutral on Apr 04, 2008 01:07 PM Permalink
On top of this if RBI is going to hike the CRR, it will refelect on rise in Home Loan Interest Rate. Thus a middle class person like me will spend more on essential commodities(i.e. inflation). To control the inflation the same middle class person like me will pay more EMI (to control inflation)... Just couldnt understand the logic. Can someone explain?
