The only way to reduce inflation is to reduce liquidity in market. UPA has given so many freebies like Loan waiver, salary hikes to government employees, reduction in import duties. All these have increased the money supply and PP for average Indians and fuelling inflation. The Congress Team run by best economists of recent times - Jairam Ramesh, Montek Singh, Chidambram, Manmohan Singh . But still the sorry figure. Even NDA would have been worse than UPA.
RE:Reduce inflation
by M Kisan on Apr 26, 2008 12:34 AM Permalink
Where does the increased money supply come to the UPA (to give *so many freebies like Loan waiver, salary hikes to government employees, reduction in import duties *) if they had not used it for this, would they not have spent it on something else?
RE:Reduce inflation
by shivakumar saravanan on Apr 25, 2008 11:00 AM Permalink
i totally agree with your views, as NDA has hardly any economist apart from slogan shouters and goondas.
RE:Reduce inflation
by Ramesh on Apr 25, 2008 11:07 AM Permalink
Economist is not required to understand the inflation It is the common sense which is uncommon in congress. Their senses are working only on 27% OBC reservation and pleasing minority community to gather votes.
