MERE 7.4% INFLATION IS NOTHING. SEE EVERYWHERE THERE IS LOT OF BOOM AND PURCHASING POWER HAS INCREASED. INFLATION IS A MERE GIMMICK. THE REAL ISSUE IS HOW TO BRING MORE FOREIGN INVESTMENTS IN INDIA AND ALSO GIVE MORE AND MORE TAX AND OTHER BENEFITS TO INDUSTRIALISTS WHO WORK HARD AND PROVIDE EMPLOYMENT TO LABOURS WHO ARE VERY POOR. GIVE MORE INCENTIVES TO RICH THEN ONLY POOR WILL SURVIVE.
RE:WHEIR IS INFLATION????????????
by Loga on Apr 16, 2008 01:55 PM Permalink
Very well said. We should go back to 1970s and 1980s situation. When We sold our country gold reserve to maintain the minimum balance required for our imports. Inflation was high that time also high. Land lines were few and mobile phones were a luxury. The people had to wait for years for a telephone connections for months after booking. We had to wait in long queues for the railway reservation. Waiting list of 5 years for getting the allotment for Scar or scooter.
RE:RE:WHEIR IS INFLATION????????????
by Loga on Apr 16, 2008 02:27 PM Permalink
Mr Krishnamurthy, I already wrote i am trying to say, if u can't understand then it is your problem.
RE:WHEIR IS INFLATION????????????
by faisal khan on Apr 16, 2008 01:53 PM Permalink
i wud disagree with you..if you suppose a annual inflation of 7.4% and GDP growth of even 9% then the real GDP growth is just 1.6%..rest is all due to inflation...where is the big boom? Inflation can be tackled by doubling agri sector growth which is just 2% now...it wud also help the 60% population (mostly poor) engaged in agriculture...
RE:RE:WHEIR IS INFLATION????????????
by faisal khan on Apr 16, 2008 01:55 PM Permalink
even in US 80% of the wealth is wid 20% of the population...rich can only exploit the poor....we shud not try to b like them...go for inclusive growth...
