During 1990's number of vehicles in india were not even 2% of the current numbers.. so was the usage of fuel.
I remember buying a dozen Mangoes for Rs 10, now we don't get a single Mango for this cost.. So is the rentals.. A 1000 sqft double bedroom house was charged Rs 500/Month in a city. Now it crossed Rs 10,000/- Is it because of Fuel price hike????
Salary of Rs 3000/- PM was more than sufficient during those days.
Basic principle --------------- Demand increases cost if supply does not catch up with it, I think every one understands this!!
The spending capacity of people raised to above 20 times compared to 1990's.
So comparing 1990's fuel price with current price is idiotic.
RE:The question itself is not correct!!
by mohammed ali on Jun 06, 2008 08:17 PM Permalink
what ever be the price people are ready to buy. introduce a new luxury car and see how many people book it. there is no restaraunt without a crows. you cannot see a chair available free in any restaurant irrespective of the price the restaurant charges.
